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Gleacher & Company Expands Investment Grade Fixed Income Group

^{Published on 2010-08-09 13:20:52 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that David Pichler has joined the firm as Co-Head of the Investment Grade fixed income group. Mr. Pichler joins Michael Voelker, who joined the firm last year, to head the group. The firm also announced that William Parry has been named sales manager of the group, which includes Gleacher & Companya™s investment grade, hybrid and preferred securities efforts.

Mr. Pichler brings over 18 years of experience in sales, trading and management. Previously, he was Head of US Credit Trading at RBC Capital Markets. Prior to RBC, he was Co-Head of Global Credit Trading at Citigroup. Mr. Pichler received a B.A. degree in Economics from Dartmouth College in 1992.

Mr. Parry, who joined Gleacher & Company in August of 2008, brings over 25 years of experience in sales, trading and management. Prior to Gleacher & Company, he was Head of Fixed Income Trading at Hartford Investment Management. Previously, Mr. Parry was Head of Investment Grade Sales and, later, Head of New York Investment Grade Sales at Bank of America. Prior to Bank of America, he was Global Head of International Debt Syndicate at JP Morgan Chase and an Executive Director at UBS Securities, heading up both the Eurobond trading and International Syndicate areas of the firm. Mr. Parry received a B.S. degree in Accounting from Villanova University in 1982.

Joseph Mannello, Executive Managing Director and Head of Gleacher & Companya™s Corporate Credit group, said, aIt is great to have David join us in this leadership role. His experience, customer relationships and knowledge will help us build and strengthen our group. We are also pleased to have Bill take on the sales management role. His experience and reputation with our clients will greatly enhance our brand.a

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH), is an independent, full service investment bank that provides corporate and institutional clients with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis, as well as securities brokerage services. 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 Companya™s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Companya™s control. The Companya™s forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Companya™s services within those markets and other risks and factors identified from time to time in the Companya™s filings with the Securities and Exchange Commission. It is possible that the Companya™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.