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Drew Forman and Evan Karp Join Cowen’s Derivatives Sales and Trading Team

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Drew Forman, Managing Director, Head of Derivatives Sales and Trading
and Evan Karp, Director of Derivatives Sales and Trading, recently
joined Cowen’s Derivatives Sales and Trading team. Mr. Forman and Mr.
Karp are responsible for further expanding Cowen’s institutional
derivatives capabilities and report to Kyle Solomon, Managing Director
of Alternative Equity Strategies.

“I am pleased to welcome Drew and Evan to Cowen as they both bring a
strong and unique background in macro and single stock derivatives while
fully complementing our existing culture and corporate values,” said Kyle Solomon. “Adding Drew and Evan to the team is testament to Cowen’s
commitment to further increase the firm’s presence in derivatives.”

Cowen’s Derivatives Sales and Trading team help clients develop and
implement customized option strategies while actively using firm capital
to help keep markets consistent. In addition to being active in
derivatives, Cowen is a top U.S. broker in cash equities, a leading
venue neutral electronic trading partner and offers industry focused
investment banking for growth-oriented companies.

Prior to joining Cowen, Mr. Forman was Managing Partner, Co-Head of
Sales and Trading at Macro Risk Advisors (MRA) where he helped run the
firm’s trading desk. Before joining MRA in 2012, Mr. Forman was a senior
derivatives trader at Nomura Securities. In addition, he previously
worked as a derivatives trader at JP Morgan during which time he was
named a “Top 30 Under 30 Trader” by Traders Magazine. He holds a
Bachelor of Science degree in Physics from Yale where he was graduated
cum laude.

Mr. Karp most recently worked as a Sales Trader at Macro Risk Advisors
(MRA) where he served as an execution touchpoint in the areas of index
and equity options as well as cash and ETF products. Prior to working at
MRA, Mr. Karp worked in Institutional Equity Sales at BMO Capital
and was also a Sales Executive at SNL Financial. He holds a
Bachelor of Business Administration from Emory University.

About Cowen Inc.

Cowen Inc. is a diversified financial services firm and, together with
its consolidated subsidiaries, provides alternative asset management,
investment banking, research, sales and trading, prime brokerage, global
clearing and commission management through its two business segments:
Cowen Investment Management 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. Cowen Investment Management provides alternative asset
management solutions to a global client base and manages a significant
portion of Cowen’s proprietary capital. Cowen 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 Inc.

Cowen Inc.
Lynda Caravello, 646-562-1676
Dan Gagnier, 646-569-5897