Cowen Group Announces John Blackledge Joins Research Group

Blackledge Named Director and Senior Research Analyst Covering
Internet & New Media Companies

NEW YORK–(BUSINESS WIRE)–Aug. 6, 2012–
Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that John
Blackledge
has joined the firm’s Research department as a Director and
Senior Research
Analyst to cover stocks in the Internet & New Media
sector. Based in New York, Mr. Blackledge will work in close conjunction
with Internet research analyst Kevin Kopelman and will report to Robert
Fagin
, Cowen’s Director of Research.

“We are excited to welcome John to the firm,” said Robert Fagin. “With
15 years of equity research background and deep experience in the
Internet, broadcasting and entertainment fields, he will be a great
addition to our Internet & New Media team. We look forward to his
contributions and the ability to provide our clients with even greater
breadth in this dynamic and evolving sector.”

Mr. Blackledge most recently served as a Vice President in the Internet
Equity research group at Credit Suisse. Prior to Credit Suisse, Mr.
Blackledge was a Vice President at JPMorgan, where he focused on the
Entertainment, Cable/DBS, and Radio Broadcasting sectors before assuming
research coverage of Radio, TV, and Outdoor stocks. Earlier in his
career, he held positions at Amro/ING Barings, CIBC Oppenheimer, and
Arthur Andersen. Mr. Blackledge received a B.S. in Accounting from
Georgetown University.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together
with its consolidated subsidiaries, provides alternative investment
management, investment banking, research, and sales and trading services
through its two business segments: Ramius and its affiliates makes up
the Company’s alternative investment management segment, while Cowen and
Company
is its broker-dealer segment. Its alternative investment
management products, solutions and services include hedge funds,
replication products, managed futures funds, fund of funds, real estate,
health care royalty funds and cash management services. Cowen and
Company
offers 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 located in major financial
centers around the world.

Source: Cowen Group, Inc.

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

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