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Cowen Adds Two Senior Technology Analysts to Equity Research Team

Matthew Ramsay to Cover Semiconductors

Krish Sankar to Cover Semiconductor Capital Equipment and IT Hardware

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) announced today that
Matthew Ramsay and Krish Sankar have joined the Company’s Technology,
Media and Telecom (TMT) equity research team as Managing Directors,
playing key roles in the Company’s expansion of semiconductors and
semiconductor capital equipment and IT hardware coverage. Messrs. Ramsay
and Sankar are based in Cowen’s San Francisco office, reporting to
Robert Fagin, Director of Research.

Cowen’s TMT team now spans 20 publishing analysts covering a broad scope
of Technology, Media and Telecommunications stocks, credits and
Washington policy issues affecting the TMT industry. Messrs. Ramsay and
Sankar will work alongside Cowen Senior Analyst, Karl Ackerman, who will
continue to build out Cowen’s insightful coverage of semiconductor and
storage stocks.

“We are thrilled that Matt and Krish have joined Cowen’s award-winning
research team. Together with Karl, they will provide our clients with
the depth, sophistication and collaborative insight that is expected
from Research as part of our mission of enabling outperformance,” said
Robert Fagin.

Prior to joining Cowen, Mr. Ramsay worked as an analyst at Canaccord
Genuity, where he covered semiconductor stocks. He previously worked as
a senior design engineer at AMD and held senior performance engineering
roles at Sun Microsystems and Spansion. Mr. Ramsay holds a BS in
Computer Engineering from the University of Evansville, where he was
also a NCAA Division I Men’s Soccer athlete. He also holds an MS in
Electrical Engineering & Computer Architecture from the University of
Wisconsin, and an MBA from Indiana University’s Kelley School of

Mr. Sankar most recently worked as a top-ranked analyst at Bank of
America Merrill Lynch for almost 14 years, where he covered the
semiconductor capital equipment, EDA software, and alternative energy
sectors. Prior to joining Bank of America Merrill Lynch, Mr. Sankar was
a product manager at Applied Materials. He holds a B.Tech (with Honors)
in Ceramic Engineering from IIT, and an MS in Materials Science and
Engineering from the University of Minnesota.

About Cowen Inc.

Cowen Inc. is a diversified financial services Company and, together
with its consolidated subsidiaries, provides alternative asset
management, investment banking, research, sales and trading, prime
brokerage, global clearing and commission management through its two
business segments: Cowen Investment Management 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. Cowen Investment Management 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 Company is
headquartered in New York and has offices worldwide. For additional
information, visit

Source: Cowen Inc.

Lynda Caravello, 646-562-1676
Dan Gagnier, 646-569-5897