New Additions Further Strengthen Sales and Trading Platform
NEW YORK--(BUSINESS WIRE)--May. 2, 2012-- Gleacher & Company
Securities, Inc., a broker-dealer subsidiary of Gleacher &
Company, Inc. (Nasdaq: GLCH), today announced that Perrin
Arturi and Donald Ullmann will join the firm as Executive
Managing Directors and will co-head the firm's MBS/ABS &
Mr. Arturi and Mr. Ullmann bring to Gleacher & Company more
than five decades of combined experience in fixed income
research, sales and trading. Mr. Arturi will join Gleacher &
Company from The Royal Bank of Scotland, where he was a
Managing Director specializing in the trading of pass-through
securities. Prior to RBS, he was the Head of Agency
Pass-Through Mortgage Trading at UBS AG, and prior to UBS, he
served for 19 years in various senior roles at Bear, Stearns
& Co., including Senior Managing Director and Head Trader of
Mortgage Pass-Through Securities.
Mr. Ullmann most recently worked for Keefe, Bruyette and
Woods, Inc. for more than eight years, where he ultimately
served as Head of Fixed Income Trading and Co-Head of Fixed
Income Sales. Prior to that, he served for 14 years in
various senior roles at Merrill Lynch & Co., including Head
of MBS Sales and Research and, ultimately, Chief Operating
Officer, Global Securities Research and Economics.
Thomas Hughes, Chief Executive Officer, said, "I am delighted
to have attracted professionals of Perrin's and Don's caliber
and reputation to Gleacher & Company, and I am confident they
will advance our fixed income sales and trading effort
substantially. Their deep experience in all aspects of fixed
income research, sales and trading will further enhance our
strong MBS/ABS & Rates platform to deliver value to our
clients. On behalf of the entire management team, I welcome
them to the firm, and look forward to their contributions."
Messrs. Arturi and Ullmann said, "Gleacher & Company has
compelling growth prospects and is well-positioned to achieve
substantial growth in mortgage and asset-backed securities.
The firm has a robust securities platform in place already,
and we are eager to contribute to its continued expansion and
Gleacher & Company'sMBS/ABS & Rates Group provides
structured finance, research, sales, and trading services on
a wide range of mortgage and asset-backed securities, U.S.
Treasury and government agency securities, structured
products such as CLOs and CDOs, whole loans, and other
securities. The Group has developed 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. Arturi
Mr. Arturi will join Gleacher & Company from RBS, where he
was a Managing Director, specializing in the trading of
pass-through securities. Prior to that, he was Head of Agency
Pass- Through Mortgage Trading at UBS AG. Prior to his roles
at RBS and UBS, Mr. Arturi spent the majority of his career
at Bear Stearns. During his tenure there, he served in
various roles including Senior Managing Director and Head
Trader of Mortgage Pass-Through Securities. Prior to Bear
Stearns, Mr. Arturi was a Managing Director at Donaldson,
Lufkin & Jenrette and began his career as a mortgage trader
at Merrill Lynch. Mr. Arturi graduated from Hamilton College
with a B.A. in Economics.
About Mr. Ullmann
Mr. Ullmann most recently served as Head of Fixed Income
Trading and Co-Head of Fixed Income Sales at Keefe, Bruyette
and Woods. He previously spent 14 years at Merrill Lynch,
where he served in various senior roles including Head of MBS
Sales and Research, Head of Global Fixed Income Research and,
ultimately, Chief Operating Officer, Global Securities
Research and Economics. Prior to Merrill Lynch, Mr. Ullmann
worked in mortgage securities sales at Salomon Brothers,
Inc., and began his career as a grain merchant at Louis
Dreyfus Corp. He graduated from Brown University with a B.A.
in Economics, and earned his M.B.A. from Northwestern
University's Kellogg School of Management.
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. . www.gleacher.com
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.
Source: Gleacher & Company, Inc.
Gleacher & Company, Inc.
Thomas Hughes, 212-273-7100
Chief Executive Officer
Joele Frank, Wilkinson Brimmer Katcher
Andrew Siegel / Jonathan Keehner, 212-355-4449