Gleacher & Company Announces Eric Gleacher To Leave Firm

  Gleacher & Company Announces Eric Gleacher To Leave Firm

Business Wire

NEW YORK -- January 29, 2013

Gleacher & Company, Inc. (Nasdaq: GLCH) announced today that Eric J. Gleacher
has resigned as Chairman of the Company’s Board of Directors and as an officer
and director of the Company, and will be leaving the firm.

Said Mr. Gleacher, “I simply decided that it was time for me to focus my
attention and energy on some exciting business opportunities outside of the
firm. I wish my talented colleagues at Gleacher & Company all the best as they
pursue their careers, compete in the marketplace and grow.”

Mr. Gleacher has served as Chairman of Gleacher & Company since its
acquisition of Gleacher Partners Inc., the firm he founded in 1990. Prior to
starting his firm, he founded the Mergers & Acquisitions Department at Lehman
Brothers in 1978, and headed Global Mergers & Acquisitions at Morgan Stanley
from 1985 to 1990. His storied career includes key advisory roles in some of
the most significant M&A transactions of the past four decades.

Bruce Rohde, Lead Director of the Company’s Board of Directors, said, “Eric is
widely recognized as one of the most dynamic and productive bankers, and we
thank him for all he has done for the firm over the years.”

Mr. Rohde continued, “Over the past four quarters, the firm has announced a
number of strategic initiatives and recruited many seasoned professionals to
Investment Banking, as well as Sales and Trading in both the Mortgage and
Credit Products business units, as part of its overall strategy to better
serve the Company’s clients.”

Thomas Hughes, Chief Executive Officer of Gleacher & Company, said, “Eric has
been a prominent figure in our industry for decades, and his contributions to
our firm have been critical to our growth. We will continue to grow our M&A
and capital raising capabilities in line with the vision we have described
previously, a vision that Eric helped author. On behalf of the Company, I want
to wish Eric the best in his future endeavors.”

Mr. Gleacher is Chairman of the Institute of Sports Medicine Research at the
Hospital for Special Surgery in New York, Chairman of the Ransome Scholarship
Trust at St. Andrews University in St. Andrews, Scotland, and a member of the
Board of Trustees of Northwestern University. Mr. Gleacher received an MBA
from the University of Chicago Booth School of Business and a BA from
Northwestern University, and he served as a U.S. Marine infantry officer in
the 1960’s.

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 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.

Contact:

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