N@N

Gleacher & Company Hires Brian McGrath as Distressed/Credit Trader in Corporate Credit Division

^{Published on 2011-04-04 04:40:13 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Brian McGrath has joined the firm as a Managing Director and Distressed/Credit Trader in its Corporate Credit Division.

"We are thrilled about Brian joining our group to build out our Distressed business as a complement to our other credit businesses. His talent and experience in growing this business make this an exciting opportunity for Gleacher & Company."

Mr. McGrath brings over 23 years of experience in all aspects of the credit markets. Prior to joining Gleacher & Company, he was a Portfolio Manager at Viathon Capital. Prior to Viathon, Mr. McGrath ran the High Yield Bond Desk at DB Securities Inc. Mr. McGrath received a BA degree in business from Lafayette College and an MBA degree from the University of Pennsylvania.

Joseph Mannello, Executive Managing Director and Head of Gleacher & Companya™s Corporate Credit Division, said, aWe are thrilled about Brian joining our group to build out our Distressed business as a complement to our other credit businesses. His talent and experience in growing this business make this an exciting opportunity for Gleacher & Company.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, 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 these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.