Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that Andrew Charles has joined Cowen and Company’s Equity Research department as a Vice President to cover restaurants stocks. Mr. Charles is based in New York and reports to Robert Fagin, Cowen’s Director of Research.

“Andrew will deliver sophisticated insight to our clients and collaborate with the rest of our consumer research team,” said Mr. Fagin. “We are confident that Andrew’s capabilities will further extend Cowen’s deep experience in the restaurants sector.”

Mr. Charles joins Cowen from Bank of America Merrill Lynch, where he spent over six years on the restaurants equity research team. He holds a BBA degree from Emory University’s Goizueta Business School and is a CFA® charterholder.

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 and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices worldwide.