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Cowen Expands Options and Event Driven Strategies Sales and Trading Team

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Eric M. Rose has joined Cowen’s Options and Event Driven
Strategies sales and trading team. Mr. Rose is a Managing Director and
Senior Derivatives Trader with a focus on risk arbitrage and event
driven situations. Mr. Rose will report to Kyle Solomon, Cowen’s Head of
Options and Event Driven Strategies.

“Eric has a proven ability to conceptualize and deploy complex, alpha
generating derivative trading opportunities for active portfolio
managers,” said Mr. Solomon. “Our organization is committed to providing
clients with value-added capabilities that leverage talent across the
entire platform. As such, Eric will collaborate with our world-class
research analysts, desk analysts and sales and trading team to generate
actionable trade ideas for clients as well as provide execution and risk
management. I am proud to welcome Eric and look forward to his

Mr. Rose brings 18 years of options and derivatives trading experience
to Cowen. Most recently, Mr. Rose was with Jefferies where he directed
equity derivatives trading and risk management for the event/special
situations and healthcare sectors. Prior to that, he was an equity
derivatives trader at CIBC World Markets / Oppenheimer and Director of
Trading at Cathay Financial. Before that, he was an options trader at
Prudential Equity Group. Mr. Rose graduated from Cornell University with
a BS and is a CFA® charterholder.

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, a member of FINRA and SIPC, 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.

Gagnier Communications
Dan Gagnier, 646-273-9391