Thomas Giardi, David Nixon and William Pope Join the Firm as Managing Directors

NEW YORK--(BUSINESS WIRE)--May. 10, 2012-- Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Thomas T. Giardi, David C. Nixon and William H. Pope have joined the Investment Grade Credit Group of the firm’s Corporate Credit Division as Managing Directors.

Messrs. Giardi, Nixon and Pope deepen Gleacher & Company’s corporate bond sales and trading capabilities. They will support the firm’s market making activities as well as transactions in the corporate bond markets. These additions are the latest in a series of recent hires that have significantly expanded Gleacher & Company’s fixed income platform.

Thomas Hughes, Chief Executive Officer, said, “We are making great strides in growing our Corporate Credit Division and in solidifying Gleacher & Company’s position as a leader in fixed income. I am pleased with our growth and progress in executing against our strategic plan, both of which are underscored by these outstanding new hires in Investment Grade Credit.”

Geoffrey Coley, Managing Director and Head of Gleacher & Company’s Corporate Credit Division, said, “Tom, Dave and William bring complementary talents in sales and trading to our Investment Grade Credit Group. Tom’s proven experience developing and leading investment grade credit teams, Dave’s reputation for building and supporting client relationships, and William’s track record of superior trading and market making capabilities will be invaluable as we build on our already strong position in corporate credit. We welcome them to the team.”

Messrs. Giardi, Nixon and Pope said, “This is an exciting time to join Gleacher & Company as the firm continues to grow its Corporate Credit Division and expand its fixed income platform. Gleacher & Company has a unique model and approach, and we look forward to leveraging our experience to better-support clients, enhance the firm’s relationships and drive growth.”

About Mr. Giardi

Mr. Giardi has more than a decade of corporate bond trading experience. Prior to joining Gleacher & Company, he was a Managing Director for Corporate Bond Trading at US Bancorp Investments, Inc., where he was a founding member of US Bancorp’s Investment Grade Cash Trading team specializing in banks, brokers and finance companies. Previously, he was a Director of Corporate Bond Trading at Citigroup Global Markets, where he was a high volume trader and helped develop Citigroup’s presence as market maker. He began his career as a corporate bond trader at Wachovia Capital Markets as a Vice President of Corporate Bond Trading. Mr. Giardi received a B.A. in Economics from Harvard University.

About Mr. Nixon

Mr. Nixon has more than 25 years of fixed income sales experience. He joins Gleacher & Company from Mitsubishi UFJ Securities (USA), Inc. where he was an Executive Director of Credit Sales. Prior to that, he served as a Director of Credit Sales at Knight Libertas LLC. Previously, he was an Executive Director of Credit Sales at Barclays Capital Inc. He spent most of his career at the Fixed Income Division of Morgan Stanley & Co., Inc, where he was most recently an Executive Director of Credit Sales. He also served in various roles for Morgan Stanley’s International Sales, as well as Fixed Income Sales and Corporate Bond Trading. Mr. Nixon received an M.B.A in Finance and International Business from Columbia University Business School and a B.A. in English from Princeton University.

About Mr. Pope

Mr. Pope joins Gleacher & Company from Citigroup, where he was a Director in credit trading specializing in corporate bonds and credit default swaps of high-grade telecom, media, technology and cable companies. Prior to Citigroup, he was a Managing Director at Caprok Capital and Merrill Lynch, where he spent ten years working in credit sales, trading and serving as a portfolio manager in the credit proprietary trading group. Prior to Merrill Lynch, Mr. Pope worked in sales and trading at Salomon Smith Barney Inc., Fuji Bank, Ltd. and Discount Corporation of New York. He graduated from Cornell University with a B.A. in Government, and earned his M.B.A. from Duke University's Fuqua School of Business.

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 “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 demand for 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 any forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

Source: Gleacher & Company, Inc.

Investor
Gleacher & Company, Inc.
Thomas Hughes, 212-273-7100
Chief Executive Officer
or
Media
Joele Frank, Wilkinson Brimmer Katcher
Nick Lamplough / Brendan Riley, 212-355-4449