Cowen Group, Inc. Completes Acquisition of Conifer Securities

NEW YORK–(BUSINESS WIRE)–Oct. 1, 2015–
Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that it completed its previously announced acquisition of
Conifer Securities, LLC (“Conifer Securities”), the outsourced trading
and prime services division of Conifer Financial Services LLC. Financial
terms of transaction were not disclosed.

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.

Source: Cowen Group, Inc.

For Cowen Group, Inc.
Stephen Lasota, 212-845-7919
or
MEDIA:
Dan
Gagnier/Carissa Felger
212-687-8080

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