Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Eric M. Rose has joined Cowen’s Options and Event Driven Strategies sales and trading team.  Mr. Rose is a Managing Director and Senior Derivatives Trader with a focus on risk arbitrage and event driven situations.  Mr. Rose will report to Kyle Solomon, Cowen’s Head of Options and Event Driven Strategies.

“Eric has a proven ability to conceptualize and deploy complex, alpha generating derivative trading opportunities for active portfolio managers,” said Mr. Solomon.  “Our organization is committed to providing clients with value-added capabilities that leverage talent across the entire platform.  As such, Eric will collaborate with our world-class research analysts, desk analysts and sales and trading team to generate actionable trade ideas for clients as well as provide execution and risk management.  I am proud to welcome Eric and look forward to his contributions.”

 Mr. Rose brings 18 years of options and derivatives trading experience to Cowen.  Most recently, Mr. Rose was with Jefferies where he directed equity derivatives trading and risk management for the event/special situations and healthcare sectors.  Prior to that, he was an equity derivatives trader at CIBC World Markets / Oppenheimer and Director of Trading at Cathay Financial.  Before that, he was an options trader at Prudential Equity Group.  Mr. Rose graduated from Cornell University with a BS and is a CFA® charterholder.

 About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading and prime brokerage services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide.  For additional information, visit www.cowen.com.

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Gagnier Communications
Dan Gagnier
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