Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that Theodore “Ted” Kelleher has joined the firm as a Managing Director and Head of Middle Markets in the MBS & Rates Division. Mr. Kelleher is located in Gleacher & Company’s New York office. Mr. Kelleher joins Gleacher & Company with nearly 25 years of fixed income and middle market sales experience, including 22 years in fixed income sales at UBS Americas, where he most recently served as Managing Director and Head of Middle Market Institutional Sales. Thomas Hughes, Chief Executive Officer, said, “We continue to expand our distribution capabilities throughout MBS, Rates, and Credit products, and with Ted, we will begin to build a leading middle market sales effort. Middle Market coverage is a critical component of our distribution strategy, and I am delighted Ted has joined us to lead that team.” Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm’s MBS & Rates Division, said, “We are excited to welcome Ted to the firm. His vision and extensive experience building middle market sales teams make him the ideal leader for establishing these capabilities on our platform. We are confident that Ted’s deep relationships and track record will add significant value to Gleacher & Company and our clients.” Mr. Kelleher said, “I am excited to join Gleacher & Company. Perrin, Don, and George Smith have assembled a remarkable group of sales and trading professionals, and I look forward to leveraging my years of experience to build the Company’s middle markets coverage effort.” 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.