Steven A. Levy Joins Cowen as Head of Financial Sponsors Coverage

Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Steven A. Levy has joined Cowen and Company’s investment banking team as Managing Director, Head of Financial Sponsors. Mr. Levy is based in New York and reports to Kevin Raidy, Cowen’s Head of Investment Banking.

“As Head of Financial Sponsors coverage, Steve will play a key role in enhancing Cowen’s market presence across our core investment banking sectors,” said Mr. Raidy. “Steve’s experience as both an investment banker and business operator provides him with the perspective that allows him to connect with the sponsor community and their clients on a deeper level. We look forward to Steve’s successes in advancing our equity, debt and advisory efforts with these important clients.”

Mr. Levy joins Cowen from Stifel (formerly Thomas Weisel Partners), where he managed middle market financial sponsor relationships and led M&A execution for transactions in the consumer, industrial, technology and other sectors. Before that, Mr. Levy was the CFO of Delia’s where he prepared the company to go public. Prior to that, he was a senior vice president in Lehman Brother’s financial sponsors group. He also worked in SG Cowen’s financial institutions group and started his investment banking career at CS First Boston. He received a BA from Binghamton University and an MBA from The Wharton School of the University of Pennsylvania.

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 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.

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