Cowen Announces Formation of Information and Technology Services Banking Group

Davies Beller and James Kissane Named Managing Directors

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced the formation
of an information and technology services investment banking group and
the appointment of Davies Beller and James Kissane as Managing Directors
and Co-heads of the new group. Mr. Beller will be based in San
, and Mr. Kissane will be based in New York. Messrs. Beller and
Kissane will report to Kevin Raidy, Head of Investment Banking.

“I am pleased to welcome Davies and Jim to the firm and for the
expansion of our banking franchise to include information and technology
services,” said Mr. Raidy. “Davies and Jim are well-regarded within the
services industry and have proven transaction experience in both capital
raising and advisory. We look forward to their contributions to our
investment banking team.”

Mr. Beller has over 25 years of experience in investment banking, most
recently as a Partner and senior investment banker at Stone Key
, where he managed the commercial technology advisory business.
Previously, Mr. Beller was Head of Investment Banking at CSI Strategic
, a joint venture between Evercore Partners and CITIC Securities
that focused on cross-border transactions between China and other
international markets. Prior to that, Mr. Beller spent 11 years at Bear
Stearns as a Senior Managing Director, leading several investment
banking coverage areas including business services and
marketing/communications and financial sponsors. He also was Chief
Financial Officer of Pay by Touch, a biometric payment processing
company. Mr. Beller holds an AB in Economics and Political Science from
Dartmouth College, an MBA from Stanford Graduate School of Business and
a JD from Stanford Law School. Mr. Beller is a member of the California
Bar Association

Prior to joining Cowen, Mr. Kissane was a Partner and senior investment
banker at Stone Key Partners focused on the commercial technology
sector. Before Stone Key, Mr. Kissane spent 24 years as an equity
research analyst covering the computer, business and information
services sectors at Credit Suisse, Bank of America Merrill Lynch, Bear Stearns and Salomon Brothers. He was ranked by Institutional Investor
over 20 times, and his work has also been recognized by Greenwich
, Bloomberg Markets, Reuters, and The Wall
Street Journal
. He received a BS from the State University of New York
at Albany
and an MBA from New York University, 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 worldwide.

Source: Cowen Group, Inc.

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

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