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Robert Fagin And Philip Cushman Join Cowen As Director Of Research And Head Of Equity Sales

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Robert Fagin has joined the firm as Director of Research and Philip Cushman has joined as Head of Equity Sales at Cowen and Company, Cowen’s broker-dealer business. Mr. Fagin and Mr. Cushman are based in New York.

“Robert and Philip bring significant experience and talent to enhance our equity platform from both the content and sales perspectives with a focus on our core industry verticals,” said Jeff Solomon, Chief Executive Officer of Cowen and Company. “I look forward to working closely with them and the other members of our team as we continue to expand our product and service offerings to best meet the needs of our clients.”

Before joining Cowen Group, Mr. Fagin served as Co-Director of U.S. Equity Research at Jefferies, in addition to overseeing global technology, media and telecommunications research. Mr. Fagin was also the Founder and President of Darga Consulting, a strategic consulting firm focused on high-profile private companies. Before that he was a member of the senior equity research management team at Bank of America and, prior to that, he was a Senior Research Analyst at Bear Stearns, CIBC Oppenheimer Corp. and International Data Corporation (IDC) where he covered companies in the technology and telecommunications sectors.

Mr. Cushman most recently served as a Managing Director and Head of Global Equity Product Management at Jefferies, as well as a member of Jefferies’ Equity Operating Committee. Prior to joining Jefferies, he served as an Executive Director in Morgan Stanley’s Equity Sales group. Before that he was at WR Hambrecht + Co, where he served as Head of New York Institutional Sales. Mr. Cushman began his career in equity sales at Cowen in the 1990s.

About Cowen Group, Inc.

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

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