Cowen Group, Inc. Completes Acquisition of Conifer Securities

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that it completed its previously announced acquisition of Conifer Securities, LLC (“Conifer Securities”), the outsourced trading and prime services division of Conifer Financial Services LLC. Financial terms of transaction were not disclosed.

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, and sales and trading 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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