Gleacher & Company Adds Fixed Income Veterans Mario Rappoport and Miguel Santiago to Emerging Markets Sales & Trading Group

NEW YORK--(BUSINESS WIRE)--Gleacher & Company Securities, Inc., a broker–dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that Mario Rappoport and Miguel Santiago have joined the firm as Managing Directors in the Emerging Markets Sales & Trading group.

“Mario and Miguel significantly enhance our emerging markets expertise and capabilities. We are pleased with our progress in executing on our growth plan, which is creating immediate benefits for our clients, and long-term value for Gleacher & Company shareholders.”

Messrs. Rappoport and Santiago previously worked in the Emerging Markets Fixed Income Sales Group of Jefferies & Co. Together, they have more than 50 years of experience in fixed income sales, trading and investment strategies, and an extensive network of global client relationships.

“We are hiring experienced professionals to facilitate growth in each of our business units, and fixed income is integral to our overall strategy,” said Thomas Hughes, Chief Executive Officer. “Mario and Miguel significantly enhance our emerging markets expertise and capabilities. We are pleased with our progress in executing on our growth plan, which is creating immediate benefits for our clients, and long-term value for Gleacher & Company shareholders.”

Joseph Mannello, Executive Managing Director and Head of Corporate Credit, said, “Mario and Miguel bring to Gleacher & Company a deep product knowledge and strong client relationships. They have successfully marketed emerging markets products to U.S. and Latin American clients throughout their careers. They are great additions to our Emerging Markets Sales & Trading team, headed by Harry Wool, and we welcome them to Gleacher & Company.”

Messrs. Rappoport and Santiago said, “Gleacher & Company has a highly regarded sales and trading team, and we look forward to contributing to the strong growth the firm is achieving in fixed income. We are eager to use our experience in emerging markets, especially Latin America, to identify new opportunities and build the firm’s client relationships.”

About Mr. Rappoport

Mario Rappoport has nearly 20 years of experience in emerging markets, with particular emphasis on Latin America. Most recently, Mr. Rappoport was a Senior Vice President, Emerging Markets Sales at Jefferies & Co., where he was responsible for covering institutional accounts in Latin America, the U.S. and Europe. Previously, he was an Executive Director and partner in Atlas One’s New York office where he was responsible for launching the firm’s emerging markets desk in New York. Prior to that, Mr. Rappoport served in various roles focused on emerging markets sales and trading at Bear Stearns, Standard Bank and ABN AMRO Bank. Mr. Rappoport received a Master of International Affairs with a specialization in International Finance and Banking from Columbia University’s School of International and Public Affairs.

About Mr. Santiago

Miquel Santiago has more than 25 years of experience in emerging markets fixed income sales and trading. Prior to joining Gleacher & Company, Mr. Santiago was a Managing Director in the Emerging Markets Fixed Income Sales Group at Jefferies & Co. Throughout his career, he has held numerous senior-level emerging markets sales roles at various New York financial institutions, including Wachovia Securities, Prudential Securities, Lehman Brothers and Goldman Sachs & Co.

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.