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NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that James Stone has joined the firm as a Managing Director and will lead the Financial Sponsor Coverage practice of the firmas Investment Banking Division.

"Gleacher & Company has a rich heritage in M&A, and the firmas outstanding financing platform further differentiates us. I am excited about the opportunity to deliver creative solutions for clients, and expand Gleacher & Companyas presence among financial sponsors, particularly in the middle market."

Mr. Stone has over 15 years of investment banking experience and has advised leading private equity firms. Mr. Stone advises clients on a wide range of matters, including debt and equity capital raising and mergers and acquisitions.

Thomas Hughes, Chief Executive Officer, said, aGleacher & Company is committed to serving the middle market, and making strategic hires to further enhance our financing and M&A advisory capabilities. James has a proven track record of successfully building and running financial sponsor coverage practices, making him an ideal addition to the Gleacher & Company team. We are confident that he will build on Gleacher & Companyas market position, and extend the firmas reputation for high quality, independent advice to the private equity community.a

aJames has a superb network of relationships, and an outstanding reputation among his clients and the private equity industry,a said Jeffrey Tepper, Executive Managing Director and Head of Investment Banking. aHis knowledge, insight and experience are invaluable to his clients and will help contribute to Gleacher & Companyas continued growth and success. We are pleased to welcome him to the team.a

Mr. Stone said, aGleacher & Company has a rich heritage in M&A, and the firmas outstanding financing platform further differentiates us. I am excited about the opportunity to deliver creative solutions for clients, and expand Gleacher & Companyas presence among financial sponsors, particularly in the middle market.a

About Mr. Stone

Mr. Stone was most recently at the U.S. division of Macquarie Capital Inc., where he served as a Managing Director of Corporate Finance focusing on Financial Sponsor Coverage. Prior to that, he was a Managing Director of Corporate Finance focusing on Financial Sponsor Coverage at Imperial Capital. Previously, he was a Managing Director in the Leveraged Finance and Financial Sponsor Coverage Groups at Credit Suisse (including Donaldson, Lufkin & Jenrette, which was acquired by Credit Suisse). Mr. Stone received a B.A. in History and an M.B.A. in Finance from Columbia University.

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 new subsidiary, engages in residential mortgage lending. 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 Companyas belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Companyas control. The Companyas forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and demand for the Companyas services within those markets and other risks and factors identified from time to time in the Companyas filings with the Securities and Exchange Commission. It is possible that the Companyas 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.