NEW YORK, Jul 30, 2010 (BUSINESS WIRE) --
Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that the firm has hired six trading professionals to expand its equity trading and sales trading capabilities.
Todd Leone and Peter Treacy have joined Gleacher & Company as Senior Equity Traders. Mr. Leone joins the firm from Cowen and Company where he was most recently Co-Head of Healthcare trading. Mr. Treacy also joins the firm from Cowen and Company where he was a senior Healthcare trader specializing in Medical Technology and Services.
Ned Bolcar, Robert Baisch, Paul Kent and Jonathan Hanes have also recently joined Gleacher & Company as Sales Traders. Mr. Bolcar and Mr. Baisch each joined the firm from ICAP, and, prior to ICAP, were both sales traders at Jefferies & Company, Inc. for many years. Mr. Kent was most recently responsible for opening the West Coast office of Pali Capital and, prior to Pali, was a long-tenured sales trader at Jefferies and a senior member of the firm's equities management, including holding the post of Head of Equity Sales Trading. Mr. Hanes most recently worked at Execution Noble Ltd.
Robert Meier, Head of Equities for Gleacher & Company, said, "We are extremely pleased that these high-quality trading professionals have joined our Equity division to help better serve our clients' trading needs."
Eric Gleacher, Chairman and Chief Executive Officer of Gleacher & Company, said, "This further expansion of our trading capabilities reflects our continued commitment to providing our equity clients with a full suite of equity products and services."
About Gleacher & Company
Gleacher & Company, Inc. (Nasdaq: GLCH), is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis services. For more information, please visit http://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 acceptance of 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.
SOURCE: Gleacher & Company, Inc.
Gleacher & Company, Inc.
Peter McNierney, 212-273-7100
President and Chief Operating Officer
Halldin Public Relations
Ray Young, 916-781-0659