Steven Qian Joins Cowen Latitude As Head of Asia Capital Markets

NEW YORK, Apr 13, 2011 (BUSINESS WIRE) —

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) announced today that Steven
Qian has joined the firm as Managing Director and Head of Asia Capital
Markets. Mr. Qian will be primarily responsible for expanding Cowen’s
capital markets business throughout Asia. He will be based in Beijing
and report to Jeff Solomon, Cowen’s Chief Operating Officer and Head of
Investment Banking, and Kevin Reynolds, Global Head of Capital Markets.

“We are excited to bring Steven on board to lead our Capital Markets
efforts in Asia. Steven’s invaluable market experience in China will
contribute to Cowen’s growth in the region, which is a key area of
expansion for the firm,” Kevin Reynolds stated. “We welcome Steven to
Cowen and are confident that he and our existing Asia team will drive
continued success for Cowen Latitude.”

Mr. Qian joins Cowen from China Bridge Capital where he was a Managing
Partner responsible for advancing business development initiatives such
as financial advisory and private equity investment. Prior to China
Bridge, Mr. Qian headed Lehman Brothers’ Asia Principal Investment
group. He has also held senior positions in structured credit and
alternative investment strategies at Fortress, Citadel and Tribeca
Investments. Mr. Qian holds a Ph.D. from Princeton University in
Mechanical and Aerospace Engineering.

About Cowen Group, Inc.

Cowen Group, Inc. is a leading diversified financial services firm
providing alternative investment management, investment banking,
research, and sales and trading services through its business units,
Ramius and Cowen and Company. Its alternative investment management
products include hedge funds, fund of funds, real estate funds,
healthcare royalty funds, cash management and commodity trading funds,
offered primarily under the Ramius name. 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