Consumer Analyst Vivien Azer Joins Cowen’s Equity Research Department

Ms. Azer to Cover the Beverages and Tobacco Sectors

NEW YORK–(BUSINESS WIRE)–May 20, 2014–
Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Vivien
Azer has joined Cowen and Company’s Equity Research department as a
Director to cover the Beverages and Tobacco sectors. Ms. Azer, based in
New York, reports to Robert Fagin, Cowen’s Director of Research.

“Vivien’s research is sophisticated, thoughtful and dynamic,” said Mr.
Fagin. “Clients depend on the depth of her industry insight and
extraordinary responsiveness. Her broad range of consumer sector
research experience brings a unique perspective to her work.”

Ms. Azer joins Cowen from Citigroup, where she worked in equity research
since 2004. She holds Bachelor of Arts degrees in Government and
Psychology from College of William and Mary and an MBA from New York
University’s Leonard N. Stern School of Business.

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, and sales and trading services
through its two business segments: Ramius and its affiliates make up the
Company’s alternative investment segment, while Cowen and Company 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 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.

Sard Verbinnen & Co
Dan Gagnier or Carissa Felger, 212-687-8080