Press Release

For Further Information:
Cohen and Company
Sheila Chambliss
2929 Arch Street, 17th Floor

Philadelphia, PA 19104
215.701.9631
www.cohenandcompany.com
schambliss@cohenandcompany.com

FOR IMMEDIATE RELEASE

Philadelphia, September 12, 2006 -- Cohen Brothers, a leading investment management firm, today announced, effective immediately, that it will operate under the new name of Cohen & Company, reflecting the expanding capabilities of its entire organization.

Chris Ricciardi, Chief Executive Officer of Cohen & Company, said, “Our organization has grown significantly, with highly talented people across all of our business lines -- our name change to Cohen & Company is a clear reflection of this. However, while our name has changed, our commitment to developing the most innovative investment products in the industry and delivering outstanding service to our clients remains as strong as ever.

“Thanks to our clients and partners, our organization has become one of the largest and most dynamic CDO asset managers in the world, with approximately $20 billion in assets under management. Alongside our strong tradition in investment management and research, we have expanded our Capital Markets Division, dedicated to providing our Asset Management Division and our clients with expertise in analytics, sales and trading, and structured finance. We are excited by our ongoing plans to grow our businesses over the coming years, and we look forward to continuing to create value for our clients and partners in the years to come.”

In a related development, the company also announced that it has re-launched its website, www.cohenandcompany.com, to reflect its name change and provide updated information about the company and its businesses.

About Cohen & Company

Cohen & Company is a leading investment management firm organized in three divisions: Asset Management, Capital Markets and Investment Banking, and Research.
With offices in Philadelphia, New York and Paris, Cohen & Company employs over 100 employees worldwide, and serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com