Gleacher & Company Adds Experienced Traders To MBS & Rates Division

About Mr. Pace

Mr. Pace joins Gleacher & Company from Bank of America, where he was a Vice President focusing on mortgage-backed securities trading. Prior to joining Bank of America, Mr. Pace spent six years at Credit Suisse, most recently as a Vice President. Before starting his career in financial services, Mr. Pace served in the United States Marine Corps where he rose to the rank of First Lieutenant. Mr. Pace received a B.A. in Economics from Williams College.

About Mr. Read

Mr. Read has thirteen years of experience trading ABS and MBS products and joins Gleacher & Company from Cantor Fitzgerald, where he was a Director and Senior Trader. At Cantor Fitzgerald, Mr. Read was responsible for market making in various subprime mortgage products, second liens and consumer-oriented ABS products. Prior to that, he held senior trading positions at Cohen & Company (now known as Institutional Financial Markets, Inc.), Miller Tabak Roberts and BlueMountain Capital Management. Mr. Read spent the first eight years of his career at BlackRock Financial Management, most recently as a Director and Portfolio Manager in the Investment Strategy Group. Mr. Read received a B.S. in Industrial Engineering from the University of Rhode Island and an M.S. in Financial Engineering from Columbia University.

About Mr. Vu

Mr. Vu joins Gleacher & Company from UBS where he was a Director in the MBS group. Prior to UBS, Mr. Vu held trading and analyst roles at Wells Fargo Home Mortgage, Citigroup, and Travelers Life & Annuity. Mr. Vu received a B.S. with a concentration in Actuarial Science from the University of Hartford and an M.B.A. from Washington University in St. Louis.

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

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