Hot Stock Cowen Group Inc. adds a new member to its corporation

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Cowen Group, Inc. (NASDAQ:COWN) announced today that Jeff Porphy has joined the firm as a Managing Director.  Mr. Porphy, the former Head of Financial Sponsor Idea Generation and Corporate Advisory M&A at Barclays Capital, will focus on financial sponsors in all divisions as a member of Cowen's Investment Banking group.  Mr. Porphy will be based in New York and will report to Scott Ryles, Head of Investment Banking for Cowen and Company.

Scott Ryles commented, "We are happy to welcome Jeff to the firm.  We expect Jeff's deep experience in the industry will contribute greatly to our efforts as we continue to build out our strategic advisory business and increase our focus on financial sponsors in a variety of sectors."

Mr. Porphy joins Cowen and Company with twenty years of experience in mergers and acquisitions.  Prior to his time at Barclays, Mr. Porphy was Managing Director and Head of Financial Sponsors M&A and Co-Head of Middle Market M&A at Credit Suisse First Boston.  Mr. Porphy began his career at Lazard Freres & Co.  He received a B.A. in Business Administration from Muhlenberg College.  

About Cowen Group Inc:

Cowen Group, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients. Cowen Group, Inc. was founded in 1994 and is based in Atlanta, Georgia with additional offices in Boston, Massachusetts; Chicago, Illinois; Cleveland, Ohio; Dallas, Texas; and San Francisco, California.

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