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Cowen Group Announces New Hire to Health Care Research Group

Joshua Jennings Named Senior Research Analyst

NEW YORK, Jul 11, 2011 (BUSINESS WIRE) — Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Joshua Jennings has joined the firm as a Senior Research Analyst, where he will cover cardiology and orthopedic companies in the Medical Technology sector of Cowen’s Research group. Dr. Jennings will be based in New York and will report to Barry Tarasoff, Cowen’s Director of Research.

“We are pleased to welcome Josh to the firm,” commented Barry Tarasoff. “He has strong practical experience in the medical field and has developed a reputation for providing solid research in a specialized sector of the life sciences. He brings the type of institutional and practical knowledge that enables us to deepen our coverage base and offer a wider area of expertise in our already formidable Health Care research group.”

Dr. Jennings joins Cowen and Company from Jefferies & Company, where he was a Senior Medical Technology Analyst with a coverage universe consisting of large, mid-, and small-cap medical device companies. Prior to this, Dr. Jennings was the Attending Physician at Massachusetts General Hospital and North Shore Children’s Hospital Emergency Room. Dr. Jennings received a B.A. in Biology from Yale University and his M.D. from Temple University School of Medicine, before doing his residency at Harvard Medical School.

About Cowen Group, Inc.

Cowen Group, Inc. is a leading diversified financial services firm providing alternative investment management, investment banking, research, and sales and trading services through its business units, Ramius and Cowen and Company. Its alternative investment management products include hedge funds, fund of funds, real estate funds, healthcare royalty funds, cash management and commodity trading funds, offered primarily under the Ramius name. 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 City and has offices located in major financial centers around the world.

SOURCE: Cowen Group, Inc.

Cowen Group, Inc.
Peter Poillon, 646-562-1983
Head of Investor Relations / Corporate Communications