Cowen Adds to Health Care Investment Banking Team

George Milstein and Chris Swindle Named Managing Directors

NEW YORK, Mar 28, 2011 (BUSINESS WIRE) --

Cowen Group, Inc. ("Cowen") (NASDAQ: COWN) today announced that George Milstein and Chris Swindle have joined the firm's Health Care Investment Banking group. Based in San Francisco, both Mr. Milstein and Mr. Swindle have joined as Managing Directors and will report to Jeff Solomon, Chief Operating Officer and Head of Investment Banking.

"We are delighted to have George and Chris join Cowen's team," commented Jeff Solomon. "Both of these professionals bring dynamic execution strategies and finance raising expertise that will strengthen Cowen's Investment Banking business and will certainly bolster the firm's already formidable Health Care banking platform. We expect that George's and Chris' knowledge, experience and relationships will make an immediate contribution to Cowen."

Mr. Milstein joins Cowen from Wedbush Pacific Growth, where he was a Managing Director responsible for origination and execution of M&A and equity transactions in Health Care. Previously, Mr. Milstein was Head of Investment Banking and a member of the Executive Committee for Pacific Growth Equities. Prior to his experience at Pacific Growth Equities, he was with Robertson, Stephens & Company. Mr. Milstein is a graduate of the University of Southern California and holds a J.D. from the University of Arizona.

Mr. Swindle joins Cowen from Wedbush Pacific Growth Life Sciences where he was Managing Director and Head of Health Care Investment Banking. Previously, he was a Managing Director at Pacific Growth Equities focused exclusively on emerging and specialty pharmaceuticals banking efforts. Prior to that role, Mr. Swindle was at Jeffries & Company, Inc. and Leucadia National Corporation. Mr. Swindle holds a B.A. from the University of California, Berkeley.

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
Director of Communications