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.

About Mr. Shah

Mr. Shah joins Gleacher & Company with more than 25 years of experience in mortgage and asset-backed securities trading. Most recently, he was a Managing Director in the Structured Products group of Tejas Securities Group. He previously held senior MBS Sales & Trading positions at The Seaport Group and Delta Equity Services. Prior to that, he was a Senior Vice President and the founder and Head of the ABS/MBS Group at MF Global, where he oversaw sales and trading between institutional customers. Earlier in his career, Mr. Shah held various MBS sales positions and served in sales and research positions at several leading financial institutions, including Cantor Fitzgerald, Nomura Securities International, Morgan Stanley and Merrill Lynch Capital Markets. Mr. Shah received a B.A. in Economics and Computer Science from Rutgers University, and an M.B.A. from the University of Chicago.

About Mr. Baeri

Mr. Baeri comes to Gleacher & Company from Newedge, where he was a Director in the Rates Trading sector. Previously, he was a Vice President and Head of Agency Trading at MF Global. He began his career at Goldman Sachs as an Analyst in the Institutional Fixed Income Sales group, and was promoted to Associate in the Interest Rate Product Trading Group. Mr. Baeri received a dual degree in Finance and Accounting from Villanova University.

About Mr. Herrnson

Mr. Herrnson has over 20 years of experience in fixed income sales and joins Gleacher & Company from Aladdin Capital, where he was a Director in Asset Management Sales. He has previously served in various Fixed Income Sales positions as a Senior Vice President at HSBC. Earlier in his career, he was a Director at Deutsche Bank and a Vice President at Bear Stearns. Mr. Herrnson received a B.S. in Personnel Management and Labor Relations from the University of Maryland.

About Mr. Kaplan

Mr. Kaplan joins Gleacher & Company from Rochdale Capital Management, where he specialized in structured finance products. He previously served as a Director focused on MBS sales and trading at Cohen & Co., Highland Financial Holdings and Mariner Investment Group. Prior to that, he was Head of the Securities Products Group at Credit Industriel et Commerical. Mr. Kaplan began his career at Bear Stearns & Co., where he spent over 15 years, ultimately serving as a Senior Managing Director focusing on securitized products. While at Bear Stearns, Mr. Kaplan also led the group’s international securitization efforts, including working in London as a Mortgage Product Manager. He received a B.A. from Brown University with a dual concentration in History and Economics and an M.B.A. from Harvard Business School.

About Mr. Mun

Mr. Mun has held various positions in Fixed Income and Structured Products over the last 12 years and joins Gleacher & Company from Ally Securities, where he was a Director on the Institutional Sales & Trading Desk and the Head of the Mortgage Sales Desk. Prior to that, he was a Director in Sales & Trading at Auriga USA LLC. Mr. Mun has also held positions at CREMAC Asset Management LLC, Deutsche Bank Securities, Inc., Nomura Securities Co., Ltd and Credit Suisse First Boston. Mr. Mun received a B.A. in Economics from the University of Michigan and an M.B.A from Babson College.

About Mr. Weaver

Mr. Weaver joins Gleacher & Company with over 20 years of experience in fixed income sales. Most recently, Mr. Weaver was the Director of MBS Sales at Ally Securities, where he started the regional deal desk for MBS. Previously, he served as a Director in Fixed Income Sales at RW Baird, Inc., and as a Managing Director in ABS Sales at RBS Greenwich Capital. He has also held positions at GMAC RFC, TruMarkets Inc., and Deutsche Bank Securities. Mr. Weaver received a degree in Finance from the University of Michigan and an M.B.A. from New York 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 any forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

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