Cowen has expanded its fixed income outsourced trading team with the appointment of John Orrock as managing director. He will be based in the UK and will report directly to Joram Siegel, head of Fixed Income Outsourced Trading.
“Cowen Fixed Income Outsourced Trading is undergoing a period of significant growth, with demand for services in this asset class continuing to rise, said Siegel. “We are delighted to welcome John to our rapidly growing team. He has a wealth of experience and long-standing relationships which we believe will be invaluable in helping us to achieve our ambitious growth plans whilst also continuing to deliver value and exceptional service to clients.”
In this role, which the firm noted was created due to significant client demand, Orrock will work closely with the firm’s existing team of traders to help Cowen’s global client-base access liquidity while supporting expansion efforts of Cowen’s Fixed Income Outsourced Trading capabilities throughout Europe and Asia.
Cowen Outsourced Trading introduced Fixed Income as an asset class in January 2021, providing buy-side clients with an institutional-grade trading desk and access to liquidity and high-quality execution and reporting. This is supported by a technology stack that designed to provide a scalable global platform for clients active in fixed income securities.
Orrock said, “I am pleased to be joining Cowen, a market leader in Outsourced Trading. Cowen had the vision to enter the fixed income space, applying its experience to this unique asset class where we can provide high value service to our clients.”
He is a seasoned industry professional with over 25 years of experience in fixed income markets. He spent 17 years as head of trading at BlueBay Asset Management, and most recently worked as head of emerging markets and outsourcing at Aurel Partners, a division of BGC.
Cowen Outsourced Trading provides multi-asset trading and post-trade support for investment managers wishing to outsource their entire desk or supplement an existing trading operation, with 40 traders and over 70 post-trade professionals.
©Markets Media Europe, 2022
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