About Mr. KelleherMr. Kelleher joins Gleacher & Company following a 22-year tenure at UBS Americas, where he served as a Managing Director, Head of Middle Market Institutional Sales since 2005. Mr. Kelleher previously held a number of roles in the Institutional Sales Group at UBS, including Senior Vice President and Head of the Regional Institutional Sales Group, and led the firm’s Bank Portfolio Strategy Team. Prior to UBS, Mr. Kelleher worked in Corporate Bond Sales Trading at Smith Barney. He began his career in Fixed Income Sales Trading at Drexel Burnham. Mr. Kelleher received his Masters degree in Business Administration and Finance from Fordham University and a Bachelor’s degree in Business Administration from Lycoming College. 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.