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Cowen Expands Investment Banking and Institutional Sales and Trading Capabilities

New Hire in Mergers & Acquisitions

Establishes Convertible and Equity-Linked Product Group and
Specialized Sales and Trading Team

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced several senior
hires at Cowen and Company. Michael Wildish, who is based in New York,
has joined the firm as Managing Director, Mergers & Acquisitions. Iain
joined as Managing Director and Head of Convertible and
Equity-Linked Products, and Eric Grant joined as Managing Director and
Senior Trader, Convertible and Equity-Linked Products. Mssrs. Franks and
Grant are based in San Francisco.

“We continue to opportunistically enhance our investment banking
capabilities in ways that complement our areas of strength,” said Kevin
, Head of Investment Banking. “Our senior bankers have strong
client relationships in equity and debt capital markets. With the
addition of Michael and our expanded advisory expertise, we are
positioned to deepen these relationships across verticals. Michael, a
seasoned M&A veteran, brings a wealth of transaction experience and his
insights will serve our clients well.”

Mr. Raidy continued, “Our ongoing goal is to provide investment banking
clients with a range of solutions that align with their capital raising
needs. We established a dedicated convertible and equity-linked product
team to enhance our existing product origination effort in this area
because we believe convertible and equity-linked securities are highly
relevant for growing companies, especially in the current market
environment. Iain has a long and successful track record of originating
and structuring convertible and equity-linked transactions. We look
forward to Iain’s contributions to the team.”

Dan Charney, Head of Equities, said, “Led by Eric, our newly established
convertible and equity-linked distribution desk augments our equities
platform and supports the convertible and equity-linked product
origination effort. Eric is a top-tier sales and trading professional
with a proven ability to add value to institutional and corporate

Mr. Wildish has more than 30 years of experience that includes strategic
advice, financial restructuring, investment banking and public
accounting. Most recently, he was a Managing Partner at Corporate
, a private equity fund. Before that, Mr. Wildish was with Miller Buckfire as the Head of Mergers and Acquisitions and GE Capital
Market Services as the Leader of Global New Product Introduction and
Capital Management. He spent several years at Credit Suisse First Boston
as the Head of Media Mergers & Acquisitions and Donaldson, Lufkin &
as the Head of Technology Mergers & Acquisitions. Prior to
that, he was a General Partner at Lazard Freres. Mr. Wildish graduated
from the University of Virginia with a BS in Commerce and received an
MBA from Harvard Business School.

Prior to joining Cowen, Mr. Franks was with JMP Securities where he was
a Managing Director in the Convertible and Private Capital Markets
group. Previously, he was an Executive Director with Oppenheimer’s
Convertible and Equity Capital Markets group. He held similar roles at
Piper Jaffray and RBC Capital Markets where he originated, structured
and priced convertible and equity-linked financing solutions. Mr. Franks
also worked at Thomas Weisel Partners and UBS in convertible securities
and credit analysis. Mr. Franks received a BA in Accounting and Finance
from The Nottingham Trent University.

Mr. Grant joins Cowen from JMP Securities where he was a Director,
Senior Convertible Trader and Salesperson. Prior to that, he was a
Senior Vice President, Head of Convertible Bond Trading and Senior
Salesperson at Sterne, Agee & Leach. Before that, he was an assistant
portfolio manager for investment grade portfolios at Zazove Associates.
Mr. Grant was also with several other financial institutions such as
Morgan Stanley, Bank One Capital Markets, Thomas Weisel Partners and
CIBC World Markets where he was a convertible trader and salesperson.
Mr. Grant graduated from Syracuse University with a BA in Political

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, 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.

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