Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that James Stone has joined the firm as a Managing Director and will lead the Financial Sponsor Coverage practice of the firm’s Investment Banking Division.
Mr. Stone has over 15 years of investment banking experience and has advised leading private equity firms. Mr. Stone advises clients on a wide range of matters, including debt and equity capital raising and mergers and acquisitions.
Thomas Hughes, Chief Executive Officer, said, “Gleacher & Company is committed to serving the middle market, and making strategic hires to further enhance our financing and M&A advisory capabilities. James has a proven track record of successfully building and running financial sponsor coverage practices, making him an ideal addition to the Gleacher & Company team. We are confident that he will build on Gleacher & Company’s market position, and extend the firm’s reputation for high quality, independent advice to the private equity community.”
“James has a superb network of relationships, and an outstanding reputation among his clients and the private equity industry,” said Jeffrey Tepper, Executive Managing Director and Head of Investment Banking. “His knowledge, insight and experience are invaluable to his clients and will help contribute to Gleacher & Company’s continued growth and success. We are pleased to welcome him to the team.”
Mr. Stone said, “Gleacher & Company has a rich heritage in M&A, and the firm’s outstanding financing platform further differentiates us. I am excited about the opportunity to deliver creative solutions for clients, and expand Gleacher & Company’s presence among financial sponsors, particularly in the middle market.”
About Mr. Stone
Mr. Stone was most recently at the U.S. division of Macquarie Capital Inc., where he served as a Managing Director of Corporate Finance focusing on Financial Sponsor Coverage. Prior to that, he was a Managing Director of Corporate Finance focusing on Financial Sponsor Coverage at Imperial Capital. Previously, he was a Managing Director in the Leveraged Finance and Financial Sponsor Coverage Groups at Credit Suisse (including Donaldson, Lufkin & Jenrette, which was acquired by Credit Suisse). Mr. Stone received a B.A. in History and an M.B.A. in Finance from Columbia University.