Steven Qian Joins Cowen Latitude As Head of Asia Capital Markets

NEW YORK, Apr 13, 2011 (BUSINESS WIRE) --

Cowen Group, Inc. ("Cowen") (NASDAQ: COWN) announced today that Steven Qian has joined the firm as Managing Director and Head of Asia Capital Markets. Mr. Qian will be primarily responsible for expanding Cowen's capital markets business throughout Asia. He will be based in Beijing and report to Jeff Solomon, Cowen's Chief Operating Officer and Head of Investment Banking, and Kevin Reynolds, Global Head of Capital Markets.

"We are excited to bring Steven on board to lead our Capital Markets efforts in Asia. Steven's invaluable market experience in China will contribute to Cowen's growth in the region, which is a key area of expansion for the firm," Kevin Reynolds stated. "We welcome Steven to Cowen and are confident that he and our existing Asia team will drive continued success for Cowen Latitude."

Mr. Qian joins Cowen from China Bridge Capital where he was a Managing Partner responsible for advancing business development initiatives such as financial advisory and private equity investment. Prior to China Bridge, Mr. Qian headed Lehman Brothers' Asia Principal Investment group. He has also held senior positions in structured credit and alternative investment strategies at Fortress, Citadel and Tribeca Investments. Mr. Qian holds a Ph.D. from Princeton University in Mechanical and Aerospace Engineering.

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
Head of Investor Relations