NEW YORK--(BUSINESS WIRE)--

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Craig E. Zaph has joined Cowen and Company’s investment banking team as the Head of Debt Capital Markets. Mr. Zaph is based in New York and reports to Kevin Raidy, Head of Investment Banking.

“Craig Zaph rounds out a series of important investment banking hires in recent months and brings momentum to Cowen’s debt capital markets (DCM) practice,” said Kevin Raidy, Head of Investment Banking. “Providing clients with a full range of innovative debt financing solutions has been a cornerstone of our capital markets franchise. Craig’s leadership will further this effort. Craig has a significant amount of experience in originating and structuring debt products, such as high yield bonds and leveraged loans in facilitating leveraged buyouts, refinancings and recapitalizations. In addition, he has an impressive number of relationships in Cowen’s focus sectors, including consumer, industrials, technology, media and telecom (TMT), health care, energy and transportation.”

Mr. Zaph joins Cowen from Jefferies. During his over 18 year tenure, he served in a variety of roles within investment banking. Most recently, he spent 6 years as the Managing Director and Head of Energy & Shipping Leveraged Finance. Prior to that, Mr. Zaph was the Head of Origination. He began his career as an investment banking associate at the firm. Mr. Zaph holds a Bachelor of Commerce degree from the University of British Columbia and an IMBA from the University of Chicago’s Graduate School of Business.

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, a member of FINRA and SIPC, 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. For additional information, visit www.cowen.com.

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