NEW YORK--(BUSINESS WIRE)--Gleacher & Company Securities, Inc., a broker-dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), announced today that Mark Ginsberg and Felix Partow have joined the firm as Managing Directors in the MBS & Rates Division, and William Gaberlavage and Jeffrey Warren have joined as Managing Directors in the Credit Products Division. All four are located in Gleacher & Company’s New York Office.
Thomas Hughes, Chief Executive Officer, said, “We have made great progress attracting outstanding talent to accelerate the growth of Gleacher & Company. Like all of our professionals, each of these new team members has earned a reputation for thought leadership and achieved a distinguished track record of performance while exemplifying the values that are core to our firm. Teams at our firm are committed to the highest standards of excellence, and we remain focused on our core values as we continue to build our businesses.”
Perrin Arturi and Donald Ullmann, Executive Managing Directors and Co-Heads of the firm’s MBS & Rates Division, said, “Gleacher & Company has a strong securities platform, and the addition of Mark and Felix further enhances our position. We are excited about the knowledge and skills they bring to our division and believe that their contributions will help drive superior returns for our clients. We are pleased to welcome them to Gleacher & Company.”
Geoffrey Coley, Executive Managing Director and Head of the firm’s Credit Products Division, said, “We are excited that Bill and Jeff have joined our team to focus on expanding our Credit Products capabilities. Bill and Jeff are innovative professionals with a passion for serving clients. They will further strengthen our platform and add depth to complement our existing team. We look forward to continuing our growth and enhancing our offering for the benefit of our clients.”
Gleacher & Company’s Fixed Income platform provides structured finance, research, sales, and trading services on a wide range of fixed income products including mortgage and asset-backed securities, U.S. Treasury and government agency securities, structured products such as CLOs and CDOs, as well as high yield, investment grade and emerging markets credit products. Gleacher & Company has strong relationships with institutional investors, including mutual funds, pension funds, insurance companies, hedge funds, investment managers and investment advisors, by providing value-added investment ideas and access to execution services and inventory capital.
About Mr. Ginsberg
Mr. Ginsberg previously served as Managing Director on the Mortgage-Backed Securities trading desk at Sandler, O’Neill + Partners L.P., where he structured and traded new-issue CMOs and mortgage derivatives for the firm. Over the course of his nearly 15 year career, Mr. Ginsberg has held numerous MBS trading positions, including at Deutsche Bank Securities as a Director, and at Goldman, Sachs & Co. Mr. Ginsberg earned a B.S. in Finance and Statistics & Operations Research from New York University.
About Mr. Partow
Mr. Partow joins Gleacher & Company with extensive experience in MBS and ABS trading. Most recently, he was a Managing Director and Partner at KGS Alpha, where he also served as head of MBS derivatives trading. He previously held MBS Sales & Trading positions at Princeridge Group, where he was a Managing Director, Partner and head of MBS derivatives trading, and at Amherst Securities, where he was a Managing Director. Prior to that, he was a Managing Director and head of the Arms Conduit and Derivatives Desk at Washington Mutual Capital Corp. He has also served as the head mortgage derivatives trader at Deutsche Bank, and as a Director at Nomura Securities in Derivatives Trading. Mr. Partow received a B.S. in Mathematics and a minor in Economics from Massachusetts Institute of Technology.
About Mr. Gaberlavage
Mr. Gaberlavage joins Gleacher & Company from UBS, where he served as a Managing Director and Co-Head of Corporate Desk Analysts. Prior to UBS, he was a Director at CitiGroup, and previously helped start CitiGroup’s North American Capital Structure Arb Group. Prior to that, Mr. Gaberlavage held multiple leadership positions at AIG Global Investment Group, including Managing Director and Portfolio Manager, and earlier in his career he held positions at Sanford C. Bernstein, Merrill Lynch, Credit Suisse First Boston and Deloitte & Touche Consulting Group. Mr. Gaberlavage received a Master’s Degree in Finance from New York University, Leonard N. Stern School of Business and a Bachelor’s degree in Economics and Business from Lafayette College.
About Mr. Warren
Mr. Warren joins Gleacher & Company from Goldman Sachs & Company, where he was a Vice President in Leveraged Finance Sales. Previously, Mr. Warren was a Managing Director in Institutional High Yield Sales at JP Morgan Securities Inc. Prior to that, Mr. Warren served as a Vice President in Institutional High Yield Sales at Goldman Sachs. He began his career at IBM Corporation. Mr. Warren received an MBA from New York University, Leonard N. Stern School of Business and a Bachelor’s degree from University of Arizona.
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.