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Gleacher & Company Hires Scott Margolis to Head Converts

^{Published on 2010-11-08 04:45:21 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Scott Margolis has joined the firm as Head of the Convertible Securities group in the firma™s Corporate Credit division.

"Scotta™s addition will not only expand our secondary sales & trading presence in converts, but will significantly enhance our product capabilities for our corporate clients seeking to raise capital."

Mr. Margolis brings over 18 years of experience in management as well as sales, trading and research in the convertible securities area. Prior to joining Gleacher & Company, he was Managing Director and Co-Head of the Convertible Bond Group at Weeden & Co., LP. Prior to Weeden, he was Managing Director and senior trader of convertible securities with Bear Stearns, and prior to Bear Stearns, he managed and traded convertible securities with Credit Suisse First Boston Corp. and UBS Securities. Mr. Margolis received his BA degree from the University of Connecticut and graduate degrees from the University of Massachusetts and the Yale School of Organization and Management.

Joseph Mannello, the Head of Gleacher & Companya™s Corporate Credit division, said, aI am very excited to have Scott join our team. His trading experience and leadership will help us continue to build our converts business.a

Peter McNierney, Chief Executive Officer of Gleacher & Company, said, aScotta™s addition will not only expand our secondary sales & trading presence in converts, but will significantly enhance our product capabilities for our corporate clients seeking to raise capital.a

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH) is an independent investment bank that provides corporate and institutional clients with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis services. For more information, please visit [ www.gleacher.com ].

Forward Looking Statements

This press release contains aforward-looking statements.a These statements are not historical facts but instead represent the Companya™s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Companya™s forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Companya™s services within those markets and other risks and factors identified from time to time in the Companya™s filings with the Securities and Exchange Commission. It is possible that the Companya™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 these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.