Cowen Announces Changes to Leadership Team

Larry Wieseneck and Dan Charney Appointed Co-Presidents of Cowen and
Company

Cowen Inc. Establishes Management Committee Responsible for the
Execution of the Company’s Long-Term Strategy

NEW YORK–(BUSINESS WIRE)–Nov. 1, 2017–
Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced the
following additions and changes to its leadership team:

Larry Wieseneck is joining the organization as Co-President of Cowen and
Company and Dan Charney, Head of Equities, has been named Co-President
of Cowen and Company. Mssrs. Wieseneck and Charney report to Jeffrey M.
Solomon, CEO of Cowen and Company and President of Cowen Inc. In their
roles as Co-Presidents, Cowen’s investment banking, capital markets and
credit divisions will report to Mr. Wieseneck and the equities, prime
brokerage and securities lending divisions will report to Mr. Charney.

Cowen Inc. also announced the establishment of a Management Committee
which will be responsible for the execution of the Company’s long-term
strategy. The Management Committee, reporting to Peter A. Cohen, CEO of
Cowen Inc., and Mr. Solomon, includes executives from across the
organization:

• Dan Charney, Co-President, Cowen and Company
• Robert Fagin, Director of Research, Cowen and Company
• Fred Fraenkel, Head, Cowen Investment Management
• John Holmes, Chief Operating Officer, Cowen Inc.
• Stephen Lasota, Chief Financial Officer, Cowen Inc.
• Owen Littman, General Counsel, Cowen Inc.
• Tom Strauss, Chairman, Cowen Investment Management
• Larry Wieseneck, Co-President, Cowen and Company

Mr. Cohen said, “Today’s announcement reflects Cowen’s focus on ensuring
organizational alignment with our long-term strategic objectives and
near term goals and responsibilities. Since 2009 we have significantly
transformed the organization and grown our workforce to over 1100
employees. With expanded business lines and greater product breadth,
Cowen strives to be the leading organization delivering outperformance
in investment management, investment banking, sales and trading and
research. By adding to our leadership team and with the discipline and
commitment of the Management Committee, we further our ability to build
upon our sound foundation.”

Mr. Solomon said, “We are excited that Larry and Dan have been appointed
Co-Presidents. Larry is a seasoned and well-regarded manager with proven
strategy and execution experience in our industry. His broad product and
market experience will provide excellent perspective as the organization
moves into our next phase of growth. Dan is an excellent leader who has
done a tremendous job growing our equities franchise over the last five
and half years. During his tenure, the business has become one of the
fastest growing equity sales and trading platforms in the industry. I
look forward to partnering closely with Larry and Dan in their new
roles, as we aim to have an immediate and long-term positive impact on
the organization and our shareholders.”

Biographies:

Larry Wieseneck

Mr. Wieseneck is Co-President of Cowen and Company. He was previously
COO and Head of Merchant Banking at Roundtable Investment Partners. From
1997-2014, Mr. Wieseneck was with Barclays and its predecessor, Lehman
Brothers. During his 17 year tenure, he served in a variety of senior
roles including Co-Head of Securities, where he was responsible for
global sales, structuring and senior relationship management businesses
across all asset classes and regions, and Chief Strategy Officer
(Corporate and Investment Banking) where he was responsible for the
global oversight and execution of the division’s strategy. For many
years, Mr. Wieseneck held the role of Head of Global Finance and Risk
Solutions where he was responsible globally for the leveraged finance,
debt capital markets, loan capital markets, equity capital markets and
corporate risk management groups. Mr. Wieseneck has a BS from The
Wharton School of the University of Pennsylvania and an MBA from New
York University Stern School of Business.

Dan Charney

Mr. Charney is Co-President of Cowen and Company. Previously, Mr.
Charney served as Cowen’s Head of Equities which included the cash
equities, special situations, options, convertibles, electronic and
program trading, prime services, clearing, securities finance and
commission management businesses. Prior to joining Cowen, he was with
Jefferies where he served as Managing Director and Head of Global
Electronic Trading Services as well as Head of US Sales trading. Before
joining Jefferies, Mr. Charney was a Managing Director and Head of West
Coast Equity Distribution at UBS Securities and he held various other
positions in the financial services sector earlier in his career. He has
a Bachelor of Arts from the University of Pennsylvania and an MBA from
the Haas School of Business at University of California Berkeley.

About Cowen Inc.

Cowen Inc. is a diversified financial services firm 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 firm is headquartered in New
York and has offices worldwide. For additional information, visit www.cowen.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171101005988/en/

Source: Cowen Inc.

Media:
Cowen
Lynda Caravello, 646-562-1676
lynda.caravello@cowen.com
or
Gagnier
Communications
Dan Gagnier, 646-569-5897
dg@gagnierfc.com