Gleacher & Company Adds Two Managing Directors In MBS & Rates Division

About Mr. Miller

Mr. Miller brings more than 20 years of experience to Gleacher & Company, and joins the Company following three years as an independent financial consultant and contractor for financial institutions focusing on asset disposition strategies for his clients. Previously, he worked as a Senior RMBS/ABS Trader at Genworth Investments, where he managed a multi-billion dollar RMBS/ABS book with emphasis on non-prime residential mortgages, consumer asset-backed securities (auto, equipment, cards, etc.) and esoteric products. From 2000 to 2008, Mr. Miller was an Executive Director in Home Equity Trading & Mortgage Securitization at JP Morgan Chase. He was previously an independent contractor to FGIC (GE Capital). Mr. Miller began his career on the Fixed Income Arbitrage Desk at Bankers Trust. Mr. Miller received his BS and MBA at the University of Minnesota’s Carlson School of Management.

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 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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