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Cowen Adds Consumer Sector Analyst to Equity Research Department

Tuesday, September 2, 2008 General News
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NEW YORK, Sept. 2 Cowen Group, Inc.(Nasdaq: COWN) announced today that Laura Champine has joined the firm as aSenior Analyst covering the consumer sector.
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Ms. Champine joins Cowen from the New York office of Morgan Keegan &Company where she spent seven years as a Senior Analyst covering home productsretailers and manufacturers, and two years following tech/telecom as anAssociate Analyst. Ms. Champine was previously employed by Cadence CapitalManagement in Boston and Chase Asset Management in New York in marketingroles.
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Ms. Champine has a music degree from the Boston Conservatory, and wasawarded the CFA designation in 2001. She will be based in New York and reportdirectly to Barry Tarasoff, Cowen's Director of Research.

"Laura's addition to the firm will extend our consumer coverage into theimportant home products area, as well as bring a fresh perspective tospecialty retail. Given her extensive experience in the sector and herexpertise at conducting significant independent research, we are proud to addsuch a highly-respected analyst to our research team," said Mr. Tarasoff.

Cowen's Equity Research Department has 30 senior analysts closelyfollowing more than 375 companies. Its primary focus is on growth sectors,where new company formation is high. Most analysts work in the Health Care,Technology, and Consumer areas, though the firm also has significantcommitments to Media & Communications, Aerospace & Defense and AlternativeEnergy.

About Cowen Group, Inc.

Cowen Group, Inc., through its operating subsidiaries, provides investmentbanking, sales and trading, and equity research services to companies andinstitutional investor clients in the healthcare, technology,telecommunications, aerospace and defense, consumer and alternative energysectors. We also offer traditional and alternative asset management servicesto institutional investors. Our asset management business includes teamsbased in the U.S. and the U.K. Our U.S. team focuses on a growth-orientedinvestment style centered on small and mid-sized companies based primarily inNorth America. Our U.K. team provides traditional asset management products,focusing on a global equity strategy. Our alternative asset managementbusiness consists of Cowen Healthcare Royalty Partners, which investsprincipally in commercial-stage biopharmaceutical products and companies, andCowen Capital Partners, which manages a portfolio of middle market privateequity investments for third party investors.

SOURCE Cowen Group, Inc.
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