Cohen & Company hires Shelly Sussman as new Head of European Capital Markets

Press Release

COHEN & COMPANY HIRES SHELLY SUSSMAN AS NEW HEAD OF EUROPEAN CAPITAL MARKETS

Philadelphia, PA and New York, NY – July 27, 2009 – Cohen & Company is pleased to announce the expansion of its European Capital Markets business with the hiring of Sheldon (“Shelly”) Sussman as President of Cohen & Company’s European operations. Mr. Sussman will be responsible for building on Cohen & Company’s existing European platform to create a broader and deeper business. His areas of responsibility will be sales & trading, investment banking, and advisory. He will be based in Cohen’s London office.

Mr. Sussman has been a leader in the capital markets over his ¬25 year career. He joins Cohen & Company most recently from Rabobank International where he was Senior Executive Vice President – Head of its Global Financial Markets business, and a member of the Board of Rabobank International.

Shelly worked at Rabobank for 10 years, during which time he was instrumental in transforming its treasury division into a global, diversified financial markets business encompassing asset management, derivative products, and sales and trading across multiple asset classes.

Prior to Rabobank, Shelly was a Senior Vice President at Deutsche Bank where he set up its North American credit derivatives operation. Previously, Shelly was among the founding members of Lehman Brothers derivative products team and ran its global emerging market derivative and municipal derivative units. After receiving his MBA from the Yale School of Management, Shelly joined Banker Trust Company working in the Investment Banking Division.

Christopher Ricciardi, Chief Executive Officer of Cohen & Company stated that “Shelly has a unique skill set which perfectly fits the needs of our clients in this market. He knows the markets and he knows European financial institutions literally inside and out. We are confident that under his leadership we can repeat the success of our U.S. business in Europe”.

Mr. Sussman added, “I look forward to joining Cohen & Company to develop a significant European business of value-added Capital Markets and Investment Banking products and services for European issuers and investors. I enjoy building businesses, and am delighted to work with Daniel Cohen, Chris Ricciardi and Cohen’s superb Senior Management team in the establishment of a premier global financial services company.”

About Cohen & Company
Cohen & Company is an investment firm specializing in credit related fixed income investments. Through Cohen & Company Securities, LLC, the company also provides institutional broker-dealer services focused on debt securities. With offices in Philadelphia, New York, Chicago, Washington D.C., San Francisco, Boston, Paris, London and Tokyo, Cohen & Company serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com.

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