Gleacher & Company Names John Griff Chief Operating Officer

Gleacher & Company, Inc.

today announced that John Griff has been appointed Chief Operating Officer of the Company. He will join the Company effective July 18, 2011. The Company also announced that Jeffrey Kugler, the Company's Chief Financial Officer since March 2010, has decided to leave the Company effective August 15, 2011 to pursue other interests. Mr. Griff brings over 30 years of experience in the financial services industry, including leadership roles in investment banking, fixed income and asset management. He has helped create successful businesses at both bulge bracket investment banks and boutique firms.