Cowen Group, Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that Bernard Minsky has joined Cowen's international prime services team as Director and Head of Risk Management. Kevin LoPrimo, Head of International Prime Brokerage said, "We are proud to welcome Bernie, a seasoned professional, to lead our international prime services risk management team. Bernie has 30+ years of experience in the investment industry as a risk manager, business operator and consultant. Bernie and I had worked together before during our time at Goldman Sachs and are pleased to have the opportunity to do so again. He has a demonstrated ability to assess and navigate risk in a variety of market environments. We believe Bernie will serve our clients well and play an important role as we scale our international prime services business to clients in Europe and Asia." Prior to joining Cowen, Mr. Minsky founded Certior Advisors, a consulting firm providing risk management services to the investment community. Before that, he was the Chief Risk Officer and Chief Operating Officer of Callisto Asset Management. Previous to that, Mr. Minsky was the Head of Portfolio Analysis and Risk Management at International Asset Management, a fund of hedge funds manager, and an Executive Director at Goldman Sachs managing the global risk team and prime brokerage in Europe. Prior to Goldman Sachs, he was a management consultant specializing in the use of quantitative methods in management and finance. Mr. Minksy received a BSc in Mathematics with Statistics and Economics from the University of Sussex and an MSc in Mathematics from the University of London and is a Chartered Statistician. About Cowen Prime Services LLC Cowen Prime Services offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge funds, managed accounts and liquid alternatives with turnkey solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, capital introduction, and live, intraday and post-trade risk and performance analytics. Cowen Prime Services was formed in 2015 following Cowen Group's acquisition of Concept Capital Markets, LLC and subsequently Conifer Securities LLC. The firm is registered a broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. For additional information, visit www.cowenprimeservices.com. About Cowen Group, Inc. Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading and prime brokerage services through its two business segments: Ramius and its affiliates make up the Company's alternative investment segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company's broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen's proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.com.