Tim Slaughter Joins Cowen Group as Head of Fixed Income Distribution

NEW YORK, Nov 19, 2010 (BUSINESS WIRE) —

Cowen Group, Inc. (NASDAQ: COWN) announced today that Tim Slaughter has
joined the firm as a Managing Director and the Head of Fixed Income
Distribution. Mr. Slaughter will be primarily responsible for expanding
the firm’s fixed income distribution capabilities as Cowen builds on its
recently launched fixed income and credit origination platform. He will
be based in New York and report to John O’Donoghue, Head of Equities,
and Tom O’Mara, Head of Equity Derivatives and Convertibles.

Mr. Slaughter joins Cowen with over 15 years of fixed income experience,
most recently with Princeridge Securities where he was a Managing
Director and responsible for trading high yield and investment grade
financial institution fixed income securities and assisted in the build
out of a middle market and institutional fixed income trading operation.
Prior to Princeridge, Mr. Slaughter held senior fixed income sales and
trading positions at Maxim Group, UBS and JP Morgan.

Peter Cohen, Chairman and Chief Executive Officer of Cowen Group,
stated, “We are thrilled to add distribution capabilities to our fixed
income and credit platform. I am confident that Tim’s extensive
experience in this area makes him the perfect partner to help us build
out a robust distribution system to augment our origination
capabilities. We welcome Tim to the firm and look forward to utilizing
our growing capital raising capabilities to better serve our clients.”

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

SOURCE: Cowen Group, Inc.

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