After announcing seven new hires last Tuesday, Gleacher & Co. Securities has added two new hires as part of its efforts to strengthen its MBS & rates division.
Michael Lanigan will be joining the firm’s Chicago office as managing director, while David Philbin will be part of Gleacher's New York City office as a director.
Prior to joining Gleacher as head of MBS and rates in its Chicago office, Lanigan was the executive director of MBS sales at Mizuho Securities USA. Through his nearly 30-year career, Lanigan was in several senior positions such as manager director of Midwest sales at Citadel Securities and managing director of MBS and rates sales at JPMorgan. He began his career, however, at Merrill Lynch, ending his time there as senior managing director of the firm's Midwest MBS and rates sales division.
Philbin joins Gleacher with 25 years of sales and trading experience. His previous post was at Tradition Asiel Securities as a securities broker. Previously, the new hire was a proprietary trader at Rosenthal Collins Government Securities, a managing director on the finance desk at Landesbank Baden Wuerttemberg, a director on the finance desk at Societe Generale, a director on the finance desk at Dresdner Securities, and a repo trader at Barclays Capital. Prior to all these positions in sales and trading, Philbin was an accountant, marking the beginning of his career in finance. career
Thomas Hughes, chief executive officer, spoke of Gleacher’s objective with regard to the further hires in their press release, "Our fixed-income capabilities are integral to our strategy, and we are pleased that the MBS & rates team is executing its business plan successfully. Gleacher & Co. continues to recruit highly regarded professionals to our core business units, enhancing the relationships and service we offer to our clients. We are pleased to welcome Mike and David to our firm."