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Michael Singer Joins Ramius As Chief Executive Officer

Ramius LLC, the investment management subsidiary of Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN), today announced that Michael Singer has joined Ramius as Chief Executive Officer reporting to Peter Cohen. In his role, Mr. Singer will be responsible for overseeing and managing the day-to-day operations of Ramius. Thomas Strauss will become Chairman of Ramius and Vice-Chairman of Cowen Group, Inc., with a focus on expanding global relationships and partnerships in the asset management business.

Peter Cohen, Chairman and Chief Executive Officer of Cowen Group, Inc. said, “We are very pleased to have Michael join us as we accelerate the build out of the Ramius platform. Michael has an exceptionally strong and diverse background in alternative asset management, and he will focus on expanding our current suite of products and broadening our platform with new strategies and teams. Tom will dedicate his time on further developing the Firm’s strategic relationships, distribution channels and client management and work with me in advancing the development of our quantitative trading group.”

Tom Strauss added, “The Ramius platform has evolved tremendously over the last few years, from its historic multi-strategy approach to investing in a series of discrete strategies requiring very specific expertise which are relevant to the investment environment as we see it today. As the industry has changed, Ramius responded to client demands for customized investment solutions and portfolio construction. We also continue to be a leader within the industry in creating products and solutions that deliver increased liquidity and transparency. Our goal is to continue to respond and adapt to the needs of our clients and to develop alternative investing solutions that create truly diversified and risk-adjusted portfolios.”

Michael Singer commented, “I am very excited to be joining Ramius, which has a reputation for its talented investment teams, innovative products, outstanding client service and strong culture. The Ramius platform, offering a diverse array of liquid and illiquid alternative products, presently has core capabilities in credit, deep value equity, real estate, healthcare, risk arbitrage, systematic investing and hedge fund solutions. I look forward to working with the Ramius team to develop core and niche products, incubate new teams and offer solutions to our clients in meeting their investment goals.”

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