NEW YORK--(BUSINESS WIRE)--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that three industry veterans have joined the Emerging Markets Group within the firm’s Corporate Credit Division. Mauricio De La Torre, Managing Director, Michael Krumenacker, Managing Director, and Christina Ronac, Director and Senior Emerging Markets Credit Analyst, will all be based in the firm’s New York City headquarters.
Joseph Mannello, Executive Managing Director and Head of Gleacher & Company’s Corporate Credit Division, said, “Christina, Mauricio and Mike bring deep industry knowledge, a wealth of industry relationships, and a commitment to delivering innovative solutions to our diverse client base. I am pleased to welcome them to the Gleacher team, and look forward to working with them to create additional value for our clients.”
“We are pleased to welcome these talented individuals to Gleacher & Company, and believe they will make significant contributions to the continued growth and success of our Emerging Markets Group,” said Thomas Hughes, Chief Executive Officer. “Their collective experience and proven thought leadership in emerging markets make them solid additions to the team.”
About Mr. De La Torre
Mr. De La Torre is a seasoned investment professional with over 20 years of experience in global asset management, proprietary trading and credit risk management. Before joining Gleacher & Company, Mr. De La Torre was the chief investment strategist at Hamershlag Sulzberger Borg, and also held several senior investment banking, trading and asset management positions in New York, London and Miami at HSBC, Deutsche Bank, Citibank and Coutts & Co., with extensive experience in emerging markets.
About Mr. Krumenacker
Mr. Krumenacker has significant experience in sales, management and business development. Previously, he was Director of Business Development at Taum Sauk Capital Management (TSCM). Prior to TSCM, he was the Founder and Managing Partner of a privately-held real estate investment and development firm, and also served as President of Maxcor Financial Inc., the broker-dealer subsidiary of Maxcor Financial Group, Inc., where he also directed the company’s emerging markets and credit derivatives departments.
About Ms. Ronac
Prior to joining Gleacher & Company, Ms. Ronac served as Vice President and Emerging Markets Analyst at Macquarie Capital where she was instrumental in the development of its Latin America and CEEMEA sell-side research effort. Prior to Macquarie, she was a Senior Credit Opportunities Analyst at Sandell Asset Management covering distressed and high-yield credits. Ms. Ronac held similar roles at Goldman Sachs Asset Management and Deutsche Bank.
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 these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.