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Senior Retail Analyst Joins Cowen Research Department

Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Faye Landes has joined the firm’s Equity Research department as a Managing Director to cover Apparel, Footwear, Textiles, Retailing Broadlines and Specialty Stores companies. Ms. Landes, based in New York, reports to Robert Fagin, Cowen’s Director of Research.

“Faye’s extraordinary industry knowledge, depth of client relationships and experience are incredibly impressive,” said Mr. Fagin. “As we continue to strengthen our Research department with a focus on our key verticals, I am pleased to welcome Faye to our team.”

Ms. Landes’ career in consumer equity research spans over two decades. She joins Cowen from Consumer Edge, a boutique research firm, where she covered large cap retailers and branded vendors. Faye brings valuable buyside experience to her role at Cowen, including senior positions at Ziff Brothers, Moore Capital and Dawson-Herman. Prior to her roles on the buyside, Faye was a sellside equity analyst at Salomon Smith Barney, Thomas Weisel Partners and Sanford C. Bernstein, and was recognized as a top-ranked analyst on Institutional Investor’s All America Research Team for six straight years. She holds an AB from Princeton University and an MBA from New York University.

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 make 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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