Investment bank Cowen is adding two crypto native executives as it expands its crypto division.
Cowen Digital LLC has hired Blockchain.com’s former head of institutional business development and a ex-Coinbase sales associate to the crypto arm, which launched in March of this year, with customers able to trade 16 tokens, including bitcoin and ether. The 100-year-old firm’s announcement comes as it develops the business and expands into “new growth areas.”
Expect more hiring news from Cowen: The firm is actively hiring and expanding its team as it looks to build over the next five years, according to head of execution Eric Rose.
Jackie Rose, coming from Blockchain.com, becomes a director of institutional sales, and Chase Campbell will be a vice president of digital asset sales.
The team is led by Drew Forman, who spent five years as head of equity derivatives at Cowen. Forman previously worked as a trader at JPMorgan Chase and Nomura Securities.
The firm has been building up its infrastructure over the past few months and has partnered with Standard Custody and PolySign to provide custodial services.
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Adam Morgan is The Block’s markets reporter. He has been based in London for the past year, initially freelancing and working for a start-up there before beginning a fellowship at Business Insider. He Tweets @ AdamMcMarkets