Cowen Hires Former Jefferies Executive for Securities Finance

  • Matt Baldassano to report to equities chief Dan Charney
  • Baldassano was head of securities finance at Jefferies
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Cowen Group Inc. hired Matt Baldassano, a long-time Jefferies Group banker, to start a securities-finance business.

Baldassano will be based in New York and report to Dan Charney, head of equities, Cowen said Monday in a statementBloomberg Terminal. He had worked at New York-based Jefferies from 2007 through February, according to Financial Industry Regulatory Authority records.