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Cowen Expands Equity Research Team with Addition of George Mihalos

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that George
has joined Cowen and Company’s Equity Research department as a
Director to cover payments and financial information stocks. Mr. Mihalos
is based in New York and reports to Robert Fagin, Cowen’s Director of

“The pace of innovation and disruption in the payments industry
necessitates expert analysis,” said Mr. Fagin. “George’s depth of
knowledge will help investors navigate this complex sector.”

Mr. Mihalos has nine years of equity research experience in the payments
and financial information sector. He joins Cowen from Credit Suisse
where he was a research analyst, and previously held similar roles at
Bank of America Merrill Lynch and Bear Stearns.

Mr. Mihalos holds a Bachelor in Business Administration degree from
Hofstra University.

Cowen’s technology, media and telecommunications equity research team
includes 13 senior analysts whose coverage spans Computer Services & IT
, Digital Media, Internet, Media, Payments & Financial
Information, Semiconductor Capital Equipment, Semiconductors, Software,
Telecom & Networking Equipment, and Telecom Services.

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