Gleacher & Company Adds Two Managing Directors In MBS & Rates Division

Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that Brendan Keane and Robert Miller have joined the firm as Managing Directors in the MBS & Rates Division, where they focus on Structured Products. Mr. Keane and Mr. Miller will both be located in Gleacher & Company’s New York office.

Thomas Hughes, Chief Executive Officer, said, “We continue to grow our core competencies, capitalizing on hiring opportunities in the mortgage-backed securities and credit markets. As we expand our presence, capabilities and client offerings, we remain committed to our trusted advisor role with clients, and creating value for our stockholders.”

George Smith, Managing Director and Head of MBS & Rates Trading, said, “We are pleased to welcome Brendan and Robert, and we are confident that they will contribute to the growth and success of Gleacher & Company. Both Brendan and Robert are innovative practitioners with diverse experience in trading, structured finance and advisory that will be invaluable to Gleacher & Company and 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. Keane

Mr. Keane joins Gleacher & Company from CoreLogic, where he was a Senior Vice President and National Accounts Director. At CoreLogic, Mr. Keane was a member of the Advisory Data Valuation Group, which provides capital markets and mortgage-related services and solutions to investors, originators and servicers. Prior to joining CoreLogic, Mr. Keane was a Managing Director and co-Manager of the U.S. Asset Finance Group at Credit Suisse Securities. He was also a senior member of the Credit Suisse specialty finance investment banking practice and led the company’s real estate-related asset finance efforts. Prior to Credit Suisse, he was a member of Prudential Securities’ Fixed Income and Investment Banking departments, where he supervised its Real Estate Asset-Backed Securitization Group. Mr. Keane was previously a Senior Residential Mortgage-Backed Securities Ratings Analyst at Moody’s Investors Service and a Corporate Associate at the law firm Milbank, Tweed, Hadley & McCloy. Mr. Keane earned his JD from the Albany Law School of Union University and a BS in Business Administration from the State University of New York at Albany.

About Mr. Miller

Mr. Miller brings more than 20 years of experience to Gleacher & Company, and joins the Company following three years as an independent financial consultant and contractor for financial institutions focusing on asset disposition strategies for his clients. Previously, he worked as a Senior RMBS/ABS Trader at Genworth Investments, where he managed a multi-billion dollar RMBS/ABS book with emphasis on non-prime residential mortgages, consumer asset-backed securities (auto, equipment, cards, etc.) and esoteric products. From 2000 to 2008, Mr. Miller was an Executive Director in Home Equity Trading & Mortgage Securitization at JP Morgan Chase. He was previously an independent contractor to FGIC (GE Capital). Mr. Miller began his career on the Fixed Income Arbitrage Desk at Bankers Trust. Mr. Miller received his BS and MBA at the University of Minnesota’s Carlson School of Management.

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.

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