Wedbush Securities Welcomes Dan Bowen as a Managing Director in Its Healthcare Investment Banking Group

MINNEAPOLIS, Sept. 16, 2015 (GLOBE NEWSWIRE) -- Wedbush Securities, one of the nation's leading financial services providers, is pleased to announce the hiring of Dan Bowen as a Managing Director and Director of Private Placements in its Healthcare Investment Banking Group. Based in Minneapolis, Dan joins Wedbush from Piper Jaffray's Equity Private Placements Group. Over the past 15 years, Dan has completed 40 private equity transactions representing over $1.5 billion in equity and debt placements. Dan is a graduate of Amherst College and has an MBA from Duke University.

"Dan's hiring reflects our strategy to pursue opportunities to better serve our clients by appropriately building upon and expanding our existing capabilities," states Scott T. Smith, Director of Healthcare Investment Banking at Wedbush. "Dan will re-establish our dedicated Private Placement Group and VC sponsor coverage, while expanding an important capability of our investment banking platform."

As of today, Wedbush is broadening its global footprint with a physical presence in an important geography for Healthcare Investment Banking clients. Scott further emphasizes, "Our senior team, comprising the Wedbush PacGrow Healthcare franchise, includes Kelly Lisbakken, Adam Levy, recent hires Eric Tansky and Dan Bowen, and Ben Davey (Head of the Wedbush Equity Capital Markets Group). Collectively, our team has over 80 years of experience advising and funding the most innovative companies in the industry."

For the fiscal year ending June 30, 2015, Wedbush PacGrow Healthcare completed 36 transactions representing $4.3 billion, for a cumulative total of 167 transactions representing $14.4 billion since 2009.

About Wedbush Securities

Since our founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including retail and institutional sales, clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, and wealth management. Headquartered in Los Angeles, with over 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Asset Management, Wedbush Capital Partners, Wedbush Opportunity Partners, and Lime Brokerage LLC.

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CONTACT: Teny Josephbek 213.688.8057 publicrelations@wedbush.comSource:Wedbush Securities