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NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a brokera"dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Geoffrey Coley has been named Head of the firmas Corporate Credit group, effective immediately.

"We thank Joe for his years of service to Gleacher & Company and wish him the best in his future endeavors."

Mr. Coley joined Gleacher & Company in December of last year. He is a former Co-Head of Global Fixed Income at Citigroup, and he possesses more than two decades of deep client, product, and risk management experience. His leadership successes, particularly in credit products, include business building efforts at both bulge bracket and boutique platforms. Mr. Coley joins an already deep leadership team of Investment Banking, Fixed Income, and Asset Management professionals who are assembling at Gleacher & Company.

Thomas Hughes, Chief Executive Officer, said, aGeoff brings with him a wealth of valuable experience, and I am delighted that he has accepted responsibility for the leadership of our Corporate Credit group. His experience in fixed income, as well as his outstanding network of client relationships, will help drive our growth, while allowing us to continue providing superior service to our existing corporate and institutional clients.a

Mr. Coley said, aI am excited to serve as Head of Corporate Credit, and I am honored to lead the experienced and talented professionals in the group. I will continue to focus on further strengthening our platform, while aggressively pursuing growth opportunities and finding new and innovative ways to provide a superior client experience.a

Joseph Mannello, who previously served as Head of the Corporate Credit group, is no longer with the firm. Mr. Hughes added, aWe thank Joe for his years of service to Gleacher & Company and wish him the best in his future endeavors.a

About Mr. Coley

Mr. Coley previously served as Head of Fixed Income at Citadel Securities. Prior to that, he was a Managing Director and Co-Head of Global Fixed Income, Commodities and Currencies for Citigroup. Prior to his roles at Citadel Securities and Citigroup, Mr. Coley spent the majority of his career at Salomon Brothers and then at Salomon Smith Barney, where he was most recently Co-Head of Global Fixed Income Credit Markets. He previously served in several roles, including Head of U.S. Investment Grade Origination, Syndication and Trading, and Head of Investment Grade Secondary Trading. Mr. Coley began his career as a corporate bond trader at Kidder Peabody. He graduated from the University of New Hampshire with a B.S. in Business Administration.

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.