Gleacher & Company Expands Investment Grade Credit Platform

Jeff Gibbons Joins Firm as Co-Head of Investment Grade Credit

NEW YORK--()--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Jeff Gibbons, a veteran investment grade sales professional, has joined the firm as a Managing Director based in the firm’s New York City headquarters. Together with Michael Voelker, Mr. Gibbons will serve as Co-Head of Investment Grade Credit. Mr. Gibbons has nearly two decades of experience managing sales and trading operations for investment grade products.

Joining Mr. Gibbons in the Investment Grade Group are Charles Borgioli, Keith Melchionni, David Patterson, Alexander Bates, John Kleinert and Nicole Dina, all of whom will be based in the firm’s New York City office.

“Expanding our Corporate Credit Division will allow us to strengthen client relationships by providing a more comprehensive suite of products and services,” said Joseph Mannello, Executive Managing Director and Head of Gleacher & Company’s Corporate Credit Division. “We look forward to enhancing the offerings of the Investment Grade Credit Group, and achieving even greater success under Jeff’s proven leadership.”

“I am excited to join Gleacher & Company, and look forward to working with this talented team to provide additional value to the firm’s clients,” said Mr. Gibbons. “I intend to leverage my existing client relationships and years of experience to accelerate the firm’s growth, and solidify the firm’s reputation as a thought leader in fixed income.”

“Jeff exemplifies the type of highly experienced talent that we are attracting to Gleacher & Company as we execute on the growth strategy for our fixed-income business,” said Thomas Hughes, Chief Executive Officer. “Jeff and his team are terrific additions to our Corporate Credit Division, and we are pleased to welcome them to Gleacher.”

Mr. Gibbons joins Gleacher & Company from Citadel Securities, where he served as Head of Investment Grade Sales. Prior to Citadel Securities, he was Head of Credit at Christopher Street Capital, and previously, he served in various roles as a Managing Director at Citigroup. He began his career at Salomon Brothers in Investment Grade Sales. Mr. Gibbons received his B.A. from The College of William and Mary.

About Gleacher & Company, Inc.

Gleacher & Company, Inc. (Nasdaq: GLCH) is an independent investment bank that provides corporate and institutional clients with strategic and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis, as well as capital raising, research based investment analysis, and securities brokerage services, and through a new subsidiary, engages in residential mortgage lending. For more information, please visit http://www.gleacher.com.

Forward-Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and demand for the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

Contacts

Investors:
Gleacher & Company, Inc.
Thomas Hughes, 212-273-7100
Chief Executive Officer
or
Media:
Joele Frank, Wilkinson Bimmer Katcher
Andrew Siegel / Nick Lamplough
212-355-4449

Contacts

Investors:
Gleacher & Company, Inc.
Thomas Hughes, 212-273-7100
Chief Executive Officer
or
Media:
Joele Frank, Wilkinson Bimmer Katcher
Andrew Siegel / Nick Lamplough
212-355-4449