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Gleacher Names Capstone’s Kearns as Chief Restructuring Officer

Gleacher & Co., the brokerage that’s closing its businesses after failing to sell itself, named Christopher J. Kearns chief restructuring officer and chief executive officer.

Kearns, 56, is a co-founder of Capstone Advisory Group LLC, which Gleacher hired to help with its restructuring, the New York-based firm said today in a statement. Gleacher also said it is shutting its investment-banking business immediately, affecting about 20 employees.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net

To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net

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