Ray Cameron Joins Cowen Group as Managing Director and Head of Corporate Access

NEW YORK, Jul 06, 2011 (BUSINESS WIRE) —

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Ray
Cameron has joined the firm as a Managing Director and Head of Corporate
Access. He is based in New York and reports to John O’Donoghue, Cowen’s
Head of Equities. In this role, Mr. Cameron is responsible for further
fostering relationships between corporate clients and the investment
community.

Mr. Cameron spent the majority of his career at Morgan Stanley, where he
held positions of increasing responsibility in institutional equity
sales over 15 years. As Head of Morgan’s Corporate Access business, he
developed a differentiated business model to provide access to corporate
executives for institutional investors. After that, Mr. Cameron was with
Lehman Brothers/Barclays Capital where he was a Managing Director, in
charge of reengineering and expanding their Corporate Access franchise.
Most recently, as Head of Issuer Services at LiquidNet, he led the
business initiative to extend the company’s product offerings into
research and equity capital markets. He is a graduate of the University
of Texas at Austin and holds a MBA from Southern Methodist University.

“As we continue to provide our clients with new products and services,
we are happy to have Ray lead our Corporate Access team. He will work
closely with Sales, Research, Equity Capital Markets, and Investment
Banking to strategically enhance offerings, drive sourcing, and
prioritize these valued services,” commented John O’Donoghue. “He brings
with him a wealth of experience in creating innovative products and
services to meet diverse client needs and we look forward to his
contributions to the Sales and Trading Group and to the firm.”

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.

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