Gleacher & Company Expands Sales And Trading Team

Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Brian Waltman, a veteran of rate products and fixed-income trading, has joined the firm as a Managing Director at the firm’s New York City headquarters. The addition of Mr. Waltman is aligned with the Company’s strategic plan to maximize the capabilities of its fixed-income business, and strengthen its talented workforce.

“We are pleased to welcome Brian to the firm, and believe he has the industry experience and insight to drive continued growth for Gleacher & Company,” said Thomas Hughes, Chief Executive Officer. “We look forward to leveraging Brian’s expertise to further enhance our trading operations, and expand our client base.”

“Brian is an excellent addition to the very talented group of individuals in our sales and trading division,” said Robert Fine, Executive Managing Director and Head of the firm’s MBS, ABS and Rates Division. “Our ongoing expansion of this segment has allowed us to develop products with compelling growth potential, and deliver solid results despite market volatility. We are confident that Brian and his team will contribute to our continued success in these areas.”

“I am pleased to be joining Gleacher & Company at this exciting phase in the company’s evolution,” said Mr. Waltman. “Gleacher & Company has demonstrated excellence in fixed-income sales and a firm commitment to growth and innovation in rate products, and I am excited to work with my new colleagues to achieve the company’s objectives.”

Mr. Waltman joins Gleacher & Company from MF Global Securities Corp., where he worked in rate product sales across a diverse account base. Prior to joining MF Global in April 2011, he served as Director of U.S. Government Sales at UBS Investment Bank. Before joining UBS, Mr. Waltman was Senior Vice President of New York Sales at HSBC Securities (USA) Inc. He began his career at Mabon Securities in New York, where he worked as an Institutional Fixed Income Account Executive. Mr. Waltman received his B.S. in Business Administration from Slippery Rock University in Pennsylvania, and his MBA in Investment and Portfolio Management from Pace University.

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

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 these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

Copyright Business Wire 2010

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