Cowen

Cowen Announces New Hire to China Health Care Research Team

Katherine Lu Named Managing Director

NEW YORK, Mar 21, 2011 (BUSINESS WIRE) --

Cowen Group, Inc. ("Cowen") (NASDAQ: COWN) today announced that Katherine Lu to has joined the firm's China Health Care Research team as a Managing Director. Ms. Lu will be based in New York and report to Barry Tarasoff, Director of Research at Cowen and Company.

"We are pleased to welcome Katherine to Cowen," said Barry Tarasoff. "Katherine was one of the first analysts to initiate coverage of Chinese Health Care American Depository Receipts, and we are pleased to add depth to our leading industry coverage and experienced healthcare team. We look forward to the leadership she will bring to the coverage of this important and growing sector."

Ms. Lu joins Cowen from Oppenheimer & Co. where she was a Managing Director and Head of China Equity Research. While at Oppenheimer, Ms. Lu focused on a range of Chinese companies in the healthcare, food and dairy, specialty chemicals and insurance sectors. Prior to this, Ms. Lu was an Equity Research Associate and member of Cowen's MedTech team, where she covered the U.S. medical device industry. Ms. Lu has worked in health care consulting at Bogart Delafield Ferrier and has industry experience from her time at Johnson & Johnson Pharmaceutical and Roche Pharmaceutical.

Ms. Lu received her B.S. from Nanjing University in Chemistry and an M.S. in Organic Chemistry from Iowa State University. She also holds an MBA in Finance and Accounting from NYU.

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