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Gleacher & Company Announces Senior Hires In MBS & Rates Division

Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that seven professionals have joined the MBS & Rates Division in its New York City office, including Glen Riis and Samir Shah who have joined the firm as Managing Directors. In addition, Eric Baeri, Samuel Herrnson, David Kaplan, Anthony Mun and Jeffrey David Weaver have been hired as Directors.

Thomas Hughes, Chief Executive Officer, said, “Over the past several months, we have made great strides upgrading our fixed income sales and trading platform. The addition of Glen and Samir, along with five other talented new team members, is a major milestone for the group. We are confident that these additions will significantly enhance the service we offer to our clients while building valuable new client relationships for Gleacher & Company. On behalf of the entire management team, we welcome this group of proven individuals to the firm.”

Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm’s MBS & Rates Division, said, “We are excited about these high quality additions to our team and the complementary strengths this group of professionals brings to our division. Samir and Glen have decades of experience at leading financial institutions, and together with their new colleagues, they will broaden our capabilities and diversify our strategies.”

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. Riis

Mr. Riis previously served as the CMBS Portfolio Manager at Treesdale Partners where he managed the firm’s investment activity in CMBS/CRE related products. Over the course of his 25 year career, Mr. Riis has held numerous CMBS trading positions at a regional broker/dealer, The Seaport Group, as well as a senior trader at JPMorgan, and at Chase Commercial MBS. He spent the first twelve years of his career at Merrill Lynch where he held various MBS trading roles, including Senior CMBS trader. Mr. Riis obtained a B.S. in Financial Management from San Jose State University.

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