Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Adam Zachary (Zach) Pace and Aaron Read have joined the firm as Directors, and Tai Vu has joined the firm as a Vice President, all in the MBS & Rates division. These additions bring to Gleacher & Company extensive fixed income trading experience across a diverse array of asset-backed products.
Thomas Hughes, Chief Executive Officer, said, “We are growing our MBS trading team and continue to enhance our offering for our clients. We are confident that the continued execution of our strategy, including our successful efforts to attract superior talent, will serve us well as we deliver on our growth strategy.”
Perrin Arturi and Don Ullmann, Executive Managing Directors and Co-Heads of the MBS & Rates division, said, “Zach, Aaron and Tai bring with them exemplary trading skills and expertise to drive superb results for our clients, and we are excited to have them join our growing team. We are confident that they will build upon our strong foundation in MBS trading, and will help us to deliver additional value to our clients.”
Messrs. Pace, Read and Vu said, “We are excited about Gleacher & Company’s growth strategy in both mortgage and asset-backed securities. We look forward to working closely with Perrin, Don and the entire MBS & Rates team in our new roles.”Gleacher & Company’s MBS & Rates Group 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.