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Cowen Expands Institutional Equity Sales and Trading Team

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Robert
joins Cowen and Company’s Equity Sales and Trading team. Bob
will serve as the Boston Regional Manager overseeing Boston Equity Sales
in partnership with Jimmy Ward. Mr. Paglione will report to Philip
, Cowen’s Head of Equity Sales.

Mr. Cushman said, “We are pleased to welcome Bob to Cowen. Bob is a
well-recognized, tenured professional whose broad knowledge base across
equities enables Cowen to further advance our position regionally in
prime brokerage, electronic trading, derivatives, as well as equity
research. His relationship base will be invaluable as we look to further
grow our market share in equities. Bob’s addition reflects Cowen’s
continued commitment to providing clients with a world-class equity
sales and trading platform.”

Mr. Paglione brings 23 years of equities experience. He joins Cowen from
Goldman Sachs where he served in a senior institutional sales role.
Previously, he was with Credit Suisse’s institutional equity sales team.
Before that, Mr. Paglione was with Merrill Lynch’s mergers and
acquisitions group. Mr. Paglione began his career at First Boston as an
analyst with the mergers and acquisitions and equity capital markets

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, sales and trading and prime
brokerage 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, 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

Source: Cowen Group, Inc.

Cowen Group, Inc.
Nancy Wu, 646-562-1259