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Cowen Group Announces Promotions in Health Care Investment Banking
Date:3/4/2010

NEW YORK, March 4 /PRNewswire-FirstCall/ -- Cowen Group, Inc. ("Cowen") (Nasdaq: COWN) today announced that Peter Reikes, Head of Health Care Investment Banking since 1999, has been promoted to Vice Chairman.  Declan Quirke, who joined Cowen in 2001 and most recently was a Managing Director and Head of Life Sciences, has been promoted to Head of Health Care Investment Banking.  Both Mr. Reikes and Mr. Quirke will continue to be based in New York.  

Scott Ryles, Head of Investment Banking for Cowen and Company, commented, "Peter's years of service building and guiding Cowen's health care investment banking franchise have been instrumental to the firm's success.  We look forward to his continuing contributions in his new role as he works on developing and sustaining client relationships for the firm's health care practice."  Ryles added, "Declan is ideally suited to fill Peter's role and will continue to build on the existing strength of such an important and growing business within our firm."


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