Cowen Adds Merrill Vet Costa

Jul 12 2010 | 8:46am ET

Cowen Group, the boutique investment bank that merged with hedge fund Ramius Capital last year, has added a top media banker to its ranks.

Michael Costa will head Cowen’s mergers and acquisitions group and serve and vice chairman of investment banking, The New York Times reports. He will be based in New York and report to investment banking chief Scott Ryles.

Costa formerly worked at Merrill Lynch, where he played a part in the sales of Dow Jones & Co. and the Tribune Co. He left that firm, which has since been acquired by Merrill Lynch, almost two years ago.

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