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Gleacher & Company’s Corporate Credit Division Hires Experienced Fixed Income Professionals To Strengthen Investment Grade Credit Group

About Mr. Nixon

Mr. Nixon has more than 25 years of fixed income sales experience. He joins Gleacher & Company from Mitsubishi UFJ Securities (USA), Inc. where he was an Executive Director of Credit Sales. Prior to that, he served as a Director of Credit Sales at Knight Libertas LLC. Previously, he was an Executive Director of Credit Sales at Barclays Capital Inc. He spent most of his career at the Fixed Income Division of Morgan Stanley & Co., Inc, where he was most recently an Executive Director of Credit Sales. He also served in various roles for Morgan Stanley’s International Sales, as well as Fixed Income Sales and Corporate Bond Trading. Mr. Nixon received an M.B.A in Finance and International Business from Columbia University Business School and a B.A. in English from Princeton University.

About Mr. Pope

Mr. Pope joins Gleacher & Company from Citigroup, where he was a Director in credit trading specializing in corporate bonds and credit default swaps of high-grade telecom, media, technology and cable companies. Prior to Citigroup, he was a Managing Director at Caprok Capital and Merrill Lynch, where he spent ten years working in credit sales, trading and serving as a portfolio manager in the credit proprietary trading group. Prior to Merrill Lynch, Mr. Pope worked in sales and trading at Salomon Smith Barney Inc., Fuji Bank, Ltd. and Discount Corporation of New York. He graduated from Cornell University with a B.A. in Government, and earned his M.B.A. from Duke University's Fuqua School of Business.

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 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.

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