About Mr. PhilbinMr. 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 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.