Gleacher & Company Hires Theodore C. Kelleher as Managing Director and Head of Middle Markets

Gleacher & Company Hires Theodore C. Kelleher as Managing Director and Head of Middle Markets

NEW YORK--(BUSINESS WIRE)-- Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (NAS: GLCH) , announced today that Theodore "Ted" Kelleher has joined the firm as a Managing Director and Head of Middle Markets in the MBS & Rates Division. Mr. Kelleher is located in Gleacher & Company's New York office.

Mr. Kelleher joins Gleacher & Company with nearly 25 years of fixed income and middle market sales experience, including 22 years in fixed income sales at UBS Americas, where he most recently served as Managing Director and Head of Middle Market Institutional Sales.

Thomas Hughes, Chief Executive Officer, said, "We continue to expand our distribution capabilities throughout MBS, Rates, and Credit products, and with Ted, we will begin to build a leading middle market sales effort. Middle Market coverage is a critical component of our distribution strategy, and I am delighted Ted has joined us to lead that team."

Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm's MBS & Rates Division, said, "We are excited to welcome Ted to the firm. His vision and extensive experience building middle market sales teams make him the ideal leader for establishing these capabilities on our platform. We are confident that Ted's deep relationships and track record will add significant value to Gleacher & Company and our clients."

Mr. Kelleher said, "I am excited to join Gleacher & Company. Perrin, Don, and George Smith have assembled a remarkable group of sales and trading professionals, and I look forward to leveraging my years of experience to build the Company's middle markets coverage effort."

Gleacher & Company's MBS & Rates Division provides structured finance, research, sales, and trading services on a wide range of mortgage and asset-backed securities, U.S. Treasury and government agency securities, structured products such as CLOs and CDOs, whole loans, and other securities. The Group has developed strong relationships with institutional investors, including mutual funds, pension funds, insurance companies, hedge funds, investment managers and investment advisors, by providing value-added investment ideas and access to execution services and inventory capital.

About Mr. Kelleher

Mr. Kelleher joins Gleacher & Company following a 22-year tenure at UBS Americas, where he served as a Managing Director, Head of Middle Market Institutional Sales since 2005. Mr. Kelleher previously held a number of roles in the Institutional Sales Group at UBS, including Senior Vice President and Head of the Regional Institutional Sales Group, and led the firm's Bank Portfolio Strategy Team. Prior to UBS, Mr. Kelleher worked in Corporate Bond Sales Trading at Smith Barney. He began his career in Fixed Income Sales Trading at Drexel Burnham. Mr. Kelleher received his Masters degree in Business Administration and Finance from Fordham University and a Bachelor's degree in Business Administration from Lycoming College.

About Gleacher & Company, Inc.

Gleacher & Company, Inc. (NAS: 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 subsidiary, engages in residential mortgage lending. For more information, please visit 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 any forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

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

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