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Gleacher & Company Continues To Expand In Fixed Income

Gleacher & Company Securities, Inc., the broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that the firm has added Martin Baxter, Thomas Carey, and David Ludlow as Managing Directors, and Joseph Vendemia, Jeffrey Hingst and Stephen Lei as Directors in the MBS & Rates Division focusing on institutional account coverage in mortgage and securitized product sales.

The Gleacher & Company Fixed Income strategy includes a middle market focus, and therefore growing distribution capabilities in key regional markets. Mr. Baxter will be responsible, to that end, for building the MBS & Rates platform in the newly opened Washington D.C. office, and Mr. Carey will do likewise in Boston. Messrs. Ludlow, Vendemia, Hingst and Lei will join the expanding sales team in New York.

Thomas Hughes, Chief Executive Officer, said, “Gleacher & Company continues to recruit highly regarded and talented professionals in each of its core business units. We have transformed our Fixed Income team these past few months by hiring proven industry veterans. We are confident that we are assembling the right team of people to successfully execute our strategy.”

Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm’s MBS & Rates Division, said, “Establishing a presence in Washington D.C. and adding depth to our Boston and New York offices accomplishes our goal of opportunistic expansion while strengthening our Fixed Income sales platform. Following the successful performance of our Chicago office under the leadership of recently hired Managing Director, Michael Lanigan, we are confident that there is significant additional opportunity in other key markets. We are pleased to welcome Martin, Thomas, David, Joseph, Jeffrey and Stephen to our team to support our sales efforts and further expand our platform. They bring significant industry expertise and outstanding track records of performance. We look forward to the contributions they will make to Gleacher & Company and to the success of our clients.”

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