Cowen Announces Formation of Securities Finance Business

Matt Baldassano Joins as Head of Global Securities Finance

NEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN) today announced that Matt Baldassano has joined Cowen as Managing Director, Head of Global Securities Finance. Mr. Baldassano is based in New York and reports to Dan Charney, Head of Equities.

Mr. Charney said, “Establishing a securities finance capability is a natural complement to Cowen’s prime services business, which was established last fall. Matt, a seasoned professional with more than 30 years of experience in securities finance, will be responsible for driving growth in high margin securities finance products. We look forward to Matt’s contributions to the organization.”

Prior to joining Cowen, Mr. Baldassano was Co-Head of Global Prime Services and Head of Global Securities Finance at Jefferies. Before that, Mr. Baldassano was the Global Co-Head of Securities Lending and Prime Brokerage Sales/Trading at Lehman Brothers. Previously, he was the head of the US equities securities lending business at the Pershing Division of Donaldson Lufkin & Jenrette. Mr. Baldassano graduated from Fairleigh Dickinson University with a BS in Finance and Economics.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160808005168/en/

For Cowen Group:
Dan Gagnier, 646-342-8087
Gagnier Communications

Source: Cowen Group, Inc.

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