Cowen announces brace of hires

by Richard Kilner

Story link: Cowen announces brace of hires

Cowen Group has announced the appointment of Todd Ackerman as MD and head of the institutional sales desk in Boston, with James Lilly also joining the firm as MD in the Investment banking group with responsibility for leading Cowen’s health care services practice.

Prior to joining Cowen Ackerman spent a nine-year stint with Canadian Imperial Bank/Oppenheimer & Co.

Ackerman will be directly responsible to head of Sales William Herbert, with Lilly reporting to Peter N. Reikes, head of the Health Care Investment Banking group.

Lilly brings with him almost two decades of health care investment banking experience and previously worked for investment bank Merrill Lynch as an MD in the Global Health Care Group.

Herbert has warmly welcomed Ackerman’s appointment to the firm, and paid tribute to his experience, talents in leadership and his passion for the job.