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The Washington Research Group Joins Cowen

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that the
Washington Research Group has joined Cowen and Company. The Washington
Research Group’s six award-winning senior policy analysts will be based
in Cowen’s Washington, D.C. office and will operate under the Cowen
Washington Research Group brand. The team will report to Robert Fagin,
Cowen’s Director of Research.

“The Washington Research Group is well known to institutional portfolio
managers for high quality and in-depth work that draws on decades of
policy-related experience. We are excited to bolster the domain
expertise of our exceptional fundamental equity and credit research with
the Washington Research Group’s valuable macro perspective,” said Mr.
Fagin. “Our enthusiasm reflects the ever-growing importance of
government policy and regulatory affairs in investment analysis.”

Established more than 40 years ago, the Washington Research Group has
been consistently recognized at the top of its field in industry surveys
such as Institutional Investor. Biographies of the Cowen
Washington Research Group’s six senior policy analysts are below.

In addition to hiring the Washington Research Group, Cowen is also
pleased to announce that, as of September 1st, it will serve as the sole
distributor of Prevision Policy LLC research to the financial community.
This third-party research product focuses on health care policy
analysis, and brings unique perspective to the tracking, assessment and
detailed explanation of regulatory and reimbursement developments
affecting the biopharmaceutical industry.

Cowen Research is the award-winning equity and credit research division
of Cowen and Company. The research team is dedicated to providing
clients with access to sophisticated, cutting-edge, and specialized
research product and investment advice that will enable them to be
better investors and decision makers. Cowen’s marquee product is Ahead
of the CurveTM, a celebrated series of in-depth research
reports that showcase the firm’s unparalleled research depth and
industry knowledge.

Biographies of the Cowen Washington Research Group team:

Eric Assaraf

Mr. Assaraf covers healthcare and medical technology policy issues with
a particular focus on Medicare coverage and reimbursement. He joined the
Washington Research Group in 2002. Mr. Assaraf received a bachelor’s
degree in Communication and an MBA from the University of Maryland at
College Park

Paul Gallant

Prior to joining the Washington Research Group, Mr. Gallant served as
legal advisor to the Chairman of the Federal Communications Commission
(FCC). He has also served as legal advisor to two other FCC
Commissioners. Mr. Gallant previously held senior government affairs
positions with Qwest Communications and with Broadband Office, Inc. In
an earlier stint at the FCC, he helped draft the regulations that opened
the cable TV and local telephone markets to competition. Before joining
the FCC, Mr. Gallant served as a staffer for a U.S. Senator. He received
a bachelor’s degree from Georgetown University and a law degree from
Catholic University.

Chris Krueger

Chris Krueger is a senior policy analyst at the Washington Research
. He publishes the DC Download, which is considered by many to be a
“must-read” daily for Wall Street portfolio managers who want a quick
look at top Washington stories and their impact on the capital markets.
Mr. Krueger covers DC macro, fiscal and tax policy, and event-driven
situations. Earlier in his career, he worked for nearly four years on
the Senior Staff of the House of Representatives. He has also worked on
several local, state, and federal political campaigns across the
country. He earned a bachelor’s degree from the University of Vermont
and an MA in International Relations from King’s College London.

Roman Schweizer

Roman Schweizer has over 15 years of experience in Washington, D.C.,
having served as a government acquisition official, industry consultant
and journalist. Prior to joining the Washington Research Group, he was
an acquisition professional with the US Navy’s Littoral Combat Ship
program. Previously, he directed a team providing Congressional and
media strategic communications support to senior Navy officials on
high-profile ship acquisition programs. Mr. Schweizer has also consulted
on US and international defense, aerospace, homeland security and
technology market sectors to Fortune 100 clients on behalf of DFI
and Fathom Dynamics LLC. Mr. Schweizer has been published
in Inside the Navy, Inside the Pentagon, Armed Forces Journal, Defense
, ISR Journal, Training and Simulation Journal, the Naval
Institute’s Proceedings, and the Navy League’s Sea Power. Mr. Schweizer
earned a bachelor’s degree in history from the American University in
Washington, D.C.

Jaret Seiberg

Prior to joining the Washington Research Group, Mr. Seiberg spent more
than a decade following Washington policy developments as the Washington
bureau chief and assistant managing editor of The Deal and The Daily
Deal and as the deputy bureau chief for the American Banker. Mr. Seiberg
speaks frequently to industry groups, including the Consumer Bankers
, the American Bankers Association, the Mortgage Bankers
, SIFMA, the National Association of Realtors, the Risk
Management Association
, and the National Association of Home Builders.
He also has addressed forums sponsored by regulators, including the
Federal Housing Finance Agency, the Federal Reserve Bank of Kansas City,
the Conference of State Bank Supervisors, the Office of Thrift
, and the Council of Federal Home Loan Banks. Additionally,
he has briefed bank management teams, Congress, and congressional staff.
He has appeared on CNBC, ABC News, CNN, Fox Business, and Fox News and
is frequently quoted in the Wall Street Journal, New York Times,
Washington Post and American Banker. He has a bachelor’s degree from
American University in Washington, D.C., and an MBA from the University
of Maryland at College Park

Rick Weissenstein

Mr. Weissenstein covers healthcare services and pharmaceutical policy
issues. Mr. Weissenstein joined the Washington Research Group in 1999 as
the senior analyst responsible for analyzing health care policy issues
and trends emerging in the federal and state legislative, regulatory and
legal arenas and their implications for the health care industry. He was
formerly the Washington Bureau Chief for Modern Healthcare magazine, and
a reporter for Advertising Age magazine. He began his career as a
Certified Public Accountant in the Chicago office of Ernst & Young. Mr.
Weissenstein earned a bachelor’s degree in Accounting at Millikin
, Decatur, Illinois, and a master’s degree in Journalism at
the University of Illinois, Champaign-Urbana.

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, sales and trading and prime
brokerage 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, a sales and trading platform for
institutional investors and a comprehensive suite of prime brokerage
services. Founded in 1918, the firm is headquartered in New York and has
offices worldwide.

Source: Cowen Group, Inc.

Gagnier Communications
Dan Gagnier, 646-342-8087