Retail Analyst Oliver Chen Joins Cowen’s Equity Research Department

NEW YORK–(BUSINESS WIRE)–Oct. 27, 2014–
Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Oliver
Chen has joined Cowen and Company’s Equity Research department as a
Managing Director to cover specialty retail, broadlines & department
stores, and luxury stocks. Mr. Chen is based in New York and reports to Robert Fagin, Cowen’s Director of Research.

“We are thrilled to welcome Oliver to Cowen,” said Mr. Fagin. “He has a
thorough and creative approach to equity research, and as a recognized
thought leader in the retail sector, he is an indispensable resource to
buyside institutional investors.”

Mr. Chen joins Cowen from Citigroup, where he spent over seven years as
a senior analyst covering a broad spectrum of the U.S. consumer retail
landscape, including specialty stores, apparel, footwear & textiles,
luxury retail, department stores and broadlines. Prior to Citigroup, he
worked in the investment research division at UBS, in the global mergers
and acquisitions/strategic planning group at PepsiCo International, and
in J.P. Morgan’s consumer products/retail mergers and acquisitions group.

Mr. Chen holds a Bachelor of Science degree in business administration
from Georgetown University and a Masters of Business Administration from
The Wharton School at the University of Pennsylvania, and is a CFA^®
charterholder. Mr. Chen was named one of the top three analysts in the
Retailing/Specialty Stores sector in the 2014 Institutional Investor
All-America Research Team survey.

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 and a
sales and trading platform for institutional investors. Founded in 1918,
the firm is headquartered in New York and has offices worldwide.

Source: Cowen Group, Inc.

Media:
Sard Verbinnen & Co
Dan Gagnier/Carissa
Felger, 212-687-8080