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Cowen Grows Consumer and Financial Sponsors Investment Banking Practices

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Jeff Schiamberg and Theodore E. Tutun have joined Cowen
and Company’s investment banking team as Managing Directors. Mr.
Schiamberg focuses on Consumer while Mr. Tutun joins as the Head of East
Coast Sponsor coverage.

“Our Consumer and Financial Sponsor practices play a vital role as we
broaden Cowen’s investment banking platform,” said Kevin Raidy, Head of
Investment Banking. “Jeff and Ted are seasoned professionals who bring
additional momentum to our existing consumer and financial sponsor
practices. Their well-earned track record of success and deep
relationships – from corporate executives and board members to the
private equity community – further strengthens our platform. We look
forward to their contributions to Cowen.”

Today’s announcement follows previously announced additions to Cowen’s
investment banking team including: A. Scott Lemone (Head of Consumer), Steven A. Levy (Head of Financial Sponsors), Craig E. Zaph (Head of Debt
Capital Markets
), Stephen Clarke (Industrials), Zachary Fisher (Technology, Media and Telecom) and Prasad Parmeshwaran (Health Care

Cowen’s investment banking professionals bring tailored solutions and
unbiased advice to corporate clients rather than leading with a product
first approach. Cowen has demonstrated expertise with growth companies
in debt and equity capital raising as well as merger and equity stakes,
cross-border transactions, shareholder activist situations and takeover
defenses. Cowen’s core sectors include: health care, TMT, information
and technology services, consumer, industrials, energy and


Jeff Schiamberg

Mr. Schiamberg is a Managing Director in Cowen’s Consumer investment
banking group. Most recently he was with RBC Capital Markets where he
spent seven years as a Managing Director in the Consumer and Retail
group. Prior to that, he was a Managing Director with Bank of America’s
Consumer and Retail investment banking group. Mr. Schiamberg was also a
Vice President with Merrill Lynch’s investment banking group and an
Associate at Deutsche Bank Alex Brown. Mr. Schiamberg began his career
at Coopers and Lybrand. Mr. Schiamberg holds a BA from the University of
California at Los Angeles
and an MBA from The Wharton School at the
University of Pennsylvania.

Theodore E. Tutun

Mr. Tutun is a Managing Director and Head of East Coast Sponsor Coverage
at Cowen. Prior to joining Cowen, Mr. Tutun spent over nine years at
Jefferies where he helped build its Boston financial sponsor practice.
Previously, Mr. Tutun was a senior industrial banker at CIBC, Bank of
and Credit Suisse First Boston. Mr. Tutun graduated with honors
from Harvard College and has an MBA from Columbia Business School.

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