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NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that Randolph H. Barker has joined the firm as an Executive Managing Director and Head of Investment Banking and Capital Markets.

"I would like to thank Jeff Tepper for his years of service, and wish him the best of luck in his future endeavors."

Mr. Barker joins Gleacher & Company following his role as a member of the executive committee of Chapdelaine & Co. Previously he was Co-Head of the Global Fixed Income, Commodities and Currencies Group at Citigroup, and prior to that was Head of Citigroupas Global Credit Markets Group and played a key role in building Citigroupas Leveraged Finance Group.

Thomas Hughes, Chief Executive Officer, said, aWe are delighted Randy has joined our firm. Leveraged Finance expertise is integral to our strategy, and Randy is among the most experienced Leveraged Finance professionals in our industry. And more broadly, given the entirety of his background, he is a perfect fit for the leadership of our growing Investment Banking and Capital Markets efforts. We believe his expertise will be of great benefit to our clients, and he will be an outstanding recruiter of the additional talent we are assembling in various industry verticals.a

Mr. Barker said, aI am excited to join Gleacher & Company, and look forward to maximizing my relationships and expertise to grow the Companyas Investment Banking and Capital Markets platform. Gleacher & Companyas focus on leveraged finance presents a compelling opportunity, and I intend to begin working immediately to expand the depth and prospects of the Investment Banking and Capital Markets teams.a

Jeffrey Tepper, who previously served as Head of Investment Banking, will be leaving the firm. Eric Gleacher, Chairman, said, aI would like to thank Jeff Tepper for his years of service, and wish him the best of luck in his future endeavors.a

About Mr. Barker

Prior to joining Gleacher & Company, Mr. Barker served on the executive committee of Chapdelaine & Co. Previously he was Co-Head of the Global Fixed Income, Commodities and Currencies Group at Citigroup, where he was responsible for more than 3,000 trading, sales and capital markets professionals in over 20 countries. Prior to that, Mr. Barker was the Head of Citigroup's Global Credit Markets Group, and was a senior member of the management team, responsible for building Citigroup's Global Leveraged Finance Group. Mr. Barker also played a key role in the successful integration of the bond and loan platforms following the acquisition of Salomon Brothers by Travelers. Mr. Barker began his career as a commercial lending officer with Bankers Trust Company. He received an MBA from Harvard Business School and an AB from Brown University in 1980.

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.