Cowen boosts fixed income outsourced trading team with two hires

Dan Barnes

Cowen has expanded its fixed income outsourced trading team with two senior hires, Vincent Governara and Chris Taliercio. Both traders bring over 15 years’ experience in the credit space at buy-side and sell-side institutions.

The firms reports that the newly created roles resulted from increased demand for fixed income as an outsourced trading asset class, a service which Cowen Outsourced Trading launched earlier this year led by Joram Siegel.

Vincent Governara, Cowen

Governara joins Cowen from FHN Financial, where he was senior vice president, credit trading. Prior to that, he spent five years as executive director in credit trading at SMBC Nikko Securities America and seven years as vice president, credit trading at HSBC.

Chris Taliercio, Cowen

Taliercio spent over five years as a high yield credit trader at Column Park Asset Management, a NY-based hedge fund. His career also includes eight years at ICAP as a senior vice president, responsible for a team of credit default swap indices brokers, and four years as a trader at Tullett Prebon.

Both Governara and Taliercio are based in New York, supporting Cowen Outsourced Trading teams in the US, Europe and Asia. They will report into Siegel, managing director and head of fixed income outsourced trading, who joined the firm in January 2021 in a newly created role to establish and grow Cowen Outsourced Trading’s Fixed Income division.

According to Siegel, “The appointment of two highly experienced traders is a significant step forward in growing our fixed income offering. I am very excited about the expansion of our business and the added value we can deliver to clients worldwide by having enhanced our trading capabilities. We plan to continue to grow our fixed income team and to extend our products in this asset class.”

Cowen Outsourced Trading provides global multi-asset trading and post-trade services for investment managers wishing to outsource their entire desk or supplement an existing trading operation. Its team currently number 40 traders and over 70 post-trade professionals, working for more than 200 clients globally.

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