Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Cowen has hired a former prime services executive from Morgan Stanley, JP Morgan and Cantor Fitzgerald to boost its New York sales team.
INTL FCStone expanded into the US prime services market at the back-end of last year after it brought on three former senior executives at Cowen Group.
The US prime brokerage market as seen a number of new entrants over the years, following an industry-wide descaling of hedge fund clients by the big banks.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.