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Gleacher & Company Hires Neil Wessan to Head Capital Markets Origination

^{Published on 2011-01-20 04:45:23 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Neil Wessan has joined the firm as the Head of the Capital Markets Origination Group for equity and corporate debt products.

"Over the last 3 years we have built strong distribution capabilities in debt and equity. Neila™s extensive background in originating and executing new issues makes him the perfect person to coordinate all of our firma™s resources to assist our corporate clients with their financing needs."

Mr. Wessan brings over 25 years of experience in managing the capital markets new issue process including underwriting, sales and trading. During his career in corporate finance, he has been the Managing Director and Co-Head of the Leverage Loan Capital Markets and Syndications Group at Jefferies & Company, Managing Director in the Private Finance Group at CIBC World Markets, and has held similar positions with other firms. Mr. Wessan received a BSE degree from the Wharton School of the University of Pennsylvania and an MBA degree from the University of Chicago Booth School of Business.

Peter McNierney, Chief Executive Officer of Gleacher & Company, said, aOver the last 3 years we have built strong distribution capabilities in debt and equity. Neila™s extensive background in originating and executing new issues makes him the perfect person to coordinate all of our firma™s resources to assist our corporate clients with their financing needs.a

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH) is an independent, full service 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, as well as securities brokerage services, and, through a new subsidiary, provides residential mortgage 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.