Stuart Gould Named Cowen’s Head of Electronic Trading

Jan 05 2009

NEW YORK, Jan. 5 /PRNewswire-FirstCall/ — Cowen Group, Inc. (Nasdaq:
COWN) announced today that Stuart Gould, CFA has joined the firm as Head of
Electronic Trading. Based in New York, Mr. Gould will focus on expanding the
firm’s electronic trading and program business. He will report to John
O’Donoghue, Cowen’s Head of Equities, with whom he worked at Credit Suisse.

“Stuart’s extensive background in portfolio trading innovation and product
integration make him the ideal person to lead the expansion of our electronic
trading business. Those of us in the industry have long-admired his ability
to create an effective value-added product, and I’m delighted that he and I
are now working together again,” commented John O’Donoghue.

Mr. Gould joins Cowen after Morgan Stanley, where he was a senior member
of the portfolio trading desk. Prior to his role at Morgan Stanley, Mr. Gould
managed Cantor Fitzgerald’s program trading business where he was responsible
for establishing a competitive portfolio trading product line including
effective web based analytic tools and algorithmic trading strategies.

Prior to Cantor Fitzgerald, Mr. Gould played an instrumental part in
developing cutting edge program trading and analytic systems as head of the
program trading desk at Donaldson, Lufkin, and Jenrette and later with Credit
Suisse. Mr. Gould graduated with a B.S. from the Georgia Institute of
Technology in 1991.

About Cowen Group, Inc.

Cowen Group, Inc., through its operating subsidiaries, provides investment
banking, equity research, sales and trading, asset management and alternative
asset management services to companies and institutional investor clients in
the healthcare, technology, telecommunications, aerospace and defense,
consumer and alternative energy sectors. Our asset management business
includes teams based in the U.S. and the U.K. Our investment banking business
includes Cowen Latitude Asia, a boutique specializing in crossborder M&A and
capital raising transactions.

SOURCE Cowen Group, Inc.

CONTACT: Jean Calleja of Cowen Group, Inc. Communications,
+1-646-562-1888, Jean.calleja@cowen.com