Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., has hired Perrin Arturi and Donald Ullmann as executive managing directors who will co-head the firm's MBS/ABS and rates division.

Arturi and Ullmann bring to Gleacher & Co. over five decades of combined experience in fixed-income research, sales and trading. Arturi will join Gleacher & Co. from The Royal Bank of Scotland (RBS), where he was a managing director specializing in the trading of passthrough securities. 

Before RBS, he was the head of agency passthrough mortgage trading at UBS. Previously, he had a 19-year stint in various senior roles at Bear Stearns, including senior managing director and head trader of mortgage passthrough securities.

Ullmann most recently worked at Keefe, Bruyette and Woods  for over eight years where he ultimately served as head of fixed-income trading and co-head of fixed-income sales. Before this, Ullmann was at Merrill Lynch for 14 years in different senior positions such as head of MBS sales and research and chief operating officer in  global securities research and economics.

"I am delighted to have attracted professionals of Perrin's and Don's caliber and reputation to Gleacher & Co. and I am confident they will advance our fixed income sales and trading effort substantially," said Thomas Hughes, chief executive officer. "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."

 "Gleacher & Co. has compelling growth prospects and is well-positioned to achieve substantial growth in mortgage and asset-backed securities," Arturi and Ullmann said. "The firm has a robust securities platform in place already, and we are eager to contribute to its continued expansion and success."

The firm's MBS/ABS and rates group offers structured finance, research, sales, and trading services on a wide range of MBS and ABS, U.S. Treasury and government agency securities, structured products including CLOs and CDOs, whole loans, and other securities.

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