Senior Semiconductor Analyst Joins Cowen Equity Research Department

Timothy Arcuri to Cover Semiconductors and Semiconductor Capital
Equipment

NEW YORK–(BUSINESS WIRE)–Oct. 22, 2012–
Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Timothy
Arcuri
has joined the firm’s Equity Research department as a Managing
Director to cover Semiconductors and Semiconductor Capital Equipment
companies. Mr. Arcuri, based in San Francisco, reports to Robert Fagin,
Cowen’s Director of Research.

“We are happy to welcome Tim back to Cowen,” said Mr. Fagin. “His
extensive experience will be a valuable asset to our technology equity
research franchise as we strive to provide our clients with the highest
quality analysis and industry intelligence.”

Mr. Arcuri returns to Cowen after a previous career at the company from
1998-2000. He most recently served as a senior analyst at Citigroup,
covering Semiconductor Capital Equipment, Alternative Energy and
Biofuels since 2004. Prior to this, he was a senior analyst at Deutsche
Bank
for four years covering Semiconductor Capital Equipment. Mr. Arcuri
has been a top ranked analyst on Institutional Investor’s All
America Research Team over the past eight years. He holds an engineering
degree from Villanova University.

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 make 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.

Sard Verbinnen & Co
Dan Gagnier/Carissa Ramirez, 212-687-8080

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