Veteran Analyst Paul Silverstein Joins Cowen Research Group

Silverstein to Cover Data Networking & Wireline Equipment

NEW YORK–(BUSINESS WIRE)–Jan. 2, 2013–
Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Paul
Silverstein
has joined the firm’s Equity Research department as a
Managing Director to cover Data Networking and Wireline Equipment. Mr.
Silverstein, based in New York, reports to Robert Fagin, Cowen’s
Director of Research.

“With over 17 years of equity research experience, Paul is recognized as
an expert within the networking and communications infrastructure
sector,” said Mr. Fagin. “As we continue to strategically expand our
equity research team in ways that will add the most value to our firm’s
client base, I’m confident that Paul will prove to be a tremendous
contributor to the platform’s future growth.”

With a team of a dozen distinguished analysts specializing in
technology, media and telecommunications, Cowen and Company is a leader
in providing insight, expertise, research and strategy to its clients in
this space. Given the industry’s rapid expansion and critical impact on
the global economy, Cowen is committed to continue making TMT a strong
focus area and core component of the firm’s coverage.

Most recently, Mr. Silverstein was a Director at Credit Suisse’s equity
research department, covering the communications infrastructure industry
since May 2004. Prior to joining Credit Suisse, he was a senior analyst
in equity research at Robertson Stephens from 1996 to 2002 and at
Needham & Co. from 2003 to 2004. Prior to becoming a securities analyst,
Mr. Silverstein practiced corporate and securities law as an associate
at Weil Gotshal & Manges from 1989 to 1992 and at Pryor Cashman Sherman
& Flynn from 1992 to 1994. He holds an M.B.A. from Columbia Business
School
, a J.D. from Cornell Law School and a B.A. from the University of
Pennsylvania
.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together
with its consolidated subsidiaries, provides alternative investment,
investment banking, research, and sales and trading services through its
two business segments: Ramius and its affiliates makes up the Company’s
alternative investment segment, while Cowen and Company is its
broker-dealer segment. Its alternative investment products, solutions
and services include hedge funds, replication products, managed futures
funds, fund of funds, real estate and health care royalty funds. 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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