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 world.

SOURCE: Cowen Group, Inc.

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