Gleacher & Company Continues Strengthening MBS & Rates Division

Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that Michael Lanigan has joined the firm’s Chicago office as a Managing Director, and David Philbin has joined as a Director in the New York City office.

Thomas Hughes, Chief Executive Officer, said, “Our Fixed Income capabilities are integral to our strategy, and we are pleased that the MBS & Rates team is executing its business plan successfully. Gleacher & Company continues to recruit highly regarded professionals to our core business units, enhancing the relationships and service we offer to our clients. We are pleased to welcome Mike and David to our firm.”

Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm’s MBS & Rates Division, said, “Michael and David join us with a combined 60 years of experience, and they add significant relationship depth to our Fixed Income platform. We are delighted they have joined our franchise, and we look forward to the improved service offerings they will help us generate for our clients.”

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. Lanigan

Mr. Lanigan has joined Gleacher & Company as the Head of MBS & Rates Sales for its Chicago office. He previously served as the Executive Director of MBS sales at Mizuho Securities USA Inc. Over the course of his nearly 30 year career, Mr. Lanigan has held several senior positions including Managing Director of Midwest sales at Citadel Securities LLC and Managing Director of Midwest MBS and Rates sales at JPMorgan. He spent the first eighteen years of his career at Merrill Lynch, where he ultimately served as Senior Managing Director of Midwest MBS and Rates sales. Mr. Lanigan earned a B.B.A. in Marketing from the University of Notre Dame and an M.B.A in Finance and Economics from the Northwestern Kellogg Graduate School of Management.

About Mr. Philbin

Mr. Philbin brings more than 25 years of sales and trading experience to Gleacher & Company. He joins the firm from Tradition Asiel Securities, where he was a securities broker. Previously, he was a Proprietary Trader at Rosenthal Collins Government Securities, a Managing Director on the Finance Desk at Landesbank Baden Wuerttemberg, a Director on the Finance Desk at Societe Generale, a Director on the Finance Desk at Dresdner Securities and a Repo Trader at Barclays Capital. Mr. Philbin began his career as an accountant. He received a Bachelor of Science in Accounting from Villanova 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

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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