Amrit Agrawal Joins Cowen Group’s Global Capital Markets Group

NEW YORK, Oct 27, 2010 (BUSINESS WIRE) —

Cowen Group, Inc. (NASDAQ: COWN) today announced that Amrit Agrawal has
joined the firm as a Managing Director in the Global Capital Markets
group. Mr. Agrawal will be primarily responsible for advising corporate
clients on financing solutions across the capital structure, including
on acquisition finance. Mr. Agrawal will also assist clients with
private debt placements, exchange offers, consent solicitations and
tender offers. Mr. Agrawal will be based in New York and will report to
Kevin Reynolds, Head of Global Capital Markets.

“We are very pleased to welcome Amrit to Cowen,” commented Kevin
Reynolds. “Over his 17 year career on Wall Street, Amrit has advised
numerous management teams and board of directors, domestically and
abroad, on complex corporate finance topics.”

Jeffrey Solomon, Chief Operating Officer of Cowen and the Head of
Investment Banking stated, “The combination of Amrit’s experience and
focus on technology, media and telecom companies has enabled him to
develop long-standing senior corporate, private equity and venture
capital relationships in the U.S., Europe and Asia. We look forward to
his contributions as we continue to build and strengthen Cowen’s banking
partnership.”

Prior to joining Cowen, Mr. Agrawal was Managing Director and Co-Head of
Technology, Media & Telecom (“TMT”) Strategic Finance at Bear Stearns.
Mr. Agrawal was part of the group responsible for establishing Bear
Stearns’ Strategic Finance business for clients in the TMT industry
verticals. He also contributed to Bear Stearns’ U.S. Capital Markets
business for clients based in India and China. Prior to his time at Bear
Stearns, he worked in the capital markets group at Bankers Trust.

About Cowen Group, Inc.

Cowen Group, Inc. is a leading diversified financial services firm
providing alternative investment management, investment banking,
research, and sales and trading services through its business units,
Ramius and Cowen and Company. Its alternative investment management
products include hedge funds, fund of funds, real estate funds,
healthcare royalty funds, cash management and commodity trading funds,
offered primarily under the Ramius name. Cowen and Company offers
industry focused investment banking for growth-oriented companies,
domain knowledge-driven research and a sales and trading platform for
institutional investors. Founded in 1918, the firm is headquartered in
New York and has offices located in major financial centers around the
world.

SOURCE: Cowen Group, Inc.

Media:
Sard Verbinnen & Co
Dan Gagnier/Chris Kittredge
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