About Mr. LeiMr. Lei brings to Gleacher & Company more than 15 years of fixed income sales, trading and structured products experience, most recently serving as a Director in Institutional Sales at KGS-Alpha Capital Markets. Prior to that, Mr. Lei was an Executive Director in Fixed Income Sales and Trading at Nariman Point Advisors. Previously, Mr. Lei held positions at HSBC Securities (USA) Inc. and Goldman, Sachs & Co. after beginning his career at Fitch Ratings. Mr. Lei received a BS in Finance with Honors 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 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.