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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 Perrin Arturi and Donald Ullmann will join the firm as Executive Managing Directors and will co-head the firmas MBS/ABS & Rates division.

"Gleacher & Company has compelling growth prospects and is well-positioned to achieve substantial growth in mortgage and asset-backed securities. The firm has a robust securities platform in place already, and we are eager to contribute to its continued expansion and success."

Mr. Arturi and Mr. Ullmann bring to Gleacher & Company more than five decades of combined experience in fixed income research, sales and trading. Mr. Arturi will join Gleacher & Company from The Royal Bank of Scotland, where he was a Managing Director specializing in the trading of pass-through securities. Prior to RBS, he was the Head of Agency Pass-Through Mortgage Trading at UBS AG, and prior to UBS, he served for 19 years in various senior roles at Bear, Stearns & Co., including Senior Managing Director and Head Trader of Mortgage Pass-Through Securities.

Mr. Ullmann most recently worked for Keefe, Bruyette and Woods, Inc. for more than eight years, where he ultimately served as Head of Fixed Income Trading and Co-Head of Fixed Income Sales. Prior to that, he served for 14 years in various senior roles at Merrill Lynch & Co., including Head of MBS Sales and Research and, ultimately, Chief Operating Officer, Global Securities Research and Economics.

Thomas Hughes, Chief Executive Officer, said, aI am delighted to have attracted professionals of Perrinas and Donas caliber and reputation to Gleacher & Company, and I am confident they will advance our fixed income sales and trading effort substantially. Their deep experience in all aspects of fixed income research, sales and trading will further enhance our strong MBS/ABS & Rates platform to deliver value to our clients. On behalf of the entire management team, I welcome them to the firm, and look forward to their contributions.a

Messrs. Arturi and Ullmann said, aGleacher & Company has compelling growth prospects and is well-positioned to achieve substantial growth in mortgage and asset-backed securities. The firm has a robust securities platform in place already, and we are eager to contribute to its continued expansion and success.a

Gleacher & Company's MBS/ABS & Rates Group provides structured finance, research, sales, and trading services on a wide range of mortgage and asset-backed securities, U.S. Treasury and government agency securities, structured products such as CLOs and CDOs, whole loans, and other securities. The Group has developed strong relationships with institutional investors, including mutual funds, pension funds, insurance companies, hedge funds, investment managers and investment advisors, by providing value-added investment ideas and access to execution services and inventory capital.

About Mr. Arturi

Mr. Arturi will join Gleacher & Company from RBS, where he was a Managing Director, specializing in the trading of pass-through securities. Prior to that, he was Head of Agency Pass- Through Mortgage Trading at UBS AG. Prior to his roles at RBS and UBS, Mr. Arturi spent the majority of his career at Bear Stearns. During his tenure there, he served in various roles including Senior Managing Director and Head Trader of Mortgage Pass-Through Securities. Prior to Bear Stearns, Mr. Arturi was a Managing Director at Donaldson, Lufkin & Jenrette and began his career as a mortgage trader at Merrill Lynch. Mr. Arturi graduated from Hamilton College with a B.A. in Economics.

About Mr. Ullmann

Mr. Ullmann most recently served as Head of Fixed Income Trading and Co-Head of Fixed Income Sales at Keefe, Bruyette and Woods. He previously spent 14 years at Merrill Lynch, where he served in various senior roles including Head of MBS Sales and Research, Head of Global Fixed Income Research and, ultimately, Chief Operating Officer, Global Securities Research and Economics. Prior to Merrill Lynch, Mr. Ullmann worked in mortgage securities sales at Salomon Brothers, Inc., and began his career as a grain merchant at Louis Dreyfus Corp. He graduated from Brown University with a B.A. in Economics, and earned his M.B.A. from Northwestern Universityas Kellogg School of Management.

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.