Broadpoint.Gleacher Expands CLO, Emerging Markets, Bank Debt Sales and Trading.

NEW YORK -- Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG), today announced the hiring of four senior professionals: Fred Engel, Philip Orenstein, Peter Carril, and Jeffrey Byrne.

Messrs. Engel and Orenstein join the firm as Managing Directors and Co-Heads of CLO Sales and Trading in the firm's Broadpoint DESCAP division. Mr. Engel brings over 20 years of experience in the structured credit markets to Broadpoint.Gleacher. Most recently, he was a Director in Citigroup's CDO group, responsible for new business development with a focus on the securitization of illiquid credit assets. Prior to Citigroup, Mr. Engel oversaw the U.S. CLO business at UBS Securities. He received an M.B.A. from the University of Chicago and a B.S. in Economics from The Wharton School of the University of Pennsylvania.

Mr. Orenstein also brings to the firm over 20 years of experience in the structured credit markets and has been instrumental in the development of the collateralized loan obligation marketplace. Mr. Orenstein joins Broadpoint.Gleacher from Structured Credit Consultants, LLC, an independent advisory firm focused on investors, portfolio managers and other participants in the bank loan and CLO markets. Prior to Structured Credit Consultants, Philip was a senior member of the structured credit group at RBS Greenwich Capital. Mr. Orenstein has an M.B.A. from New York University and a B.A. in Economics from The George Washington University.

Mr. Carril joins Broadpoint.Gleacher as a Managing Director in the Emerging Markets group of its Debt Capital Markets division. Mr. Carril has over 23 years of credit trading experience, 13 of which he spent working in the emerging market credit trading area. Prior to joining Broadpoint.Gleacher, he was a founding partner of Palatine Hill Partners LLC. Prior to Palatine, Mr. Carril was a Managing Director and Head of global trading for emerging market bonds and credit default swaps at Dresdner Kleinwort Wasserstein. He held similar positions at Bankers Trust and began his emerging markets career at Lehman Brothers. Mr. Carril is also a member of the Board of Directors of the Emerging Markets Traders Association (EMTA), a post he has held since February 2004. Mr. Carril graduated from Princeton University with an A.B. in Economics.

Mr. Byrne joins Broadpoint.Gleacher in the Bank Loan Trading group. Prior to joining the firm, he was the head of bank loan trading at Z-Capital Partners. Prior to Z-Capital Partners, he spent 7 years in various roles within the Van Kampen Senior Loan Group, and was named its par-loan trader in 2005. Mr. Byrne graduated from Villanova University with a degree in Finance.

Robert Fine, Head of Broadpoint DESCAP, said, "Fred and Philip are both highly regarded in the CLO marketplace, and the experience they bring to our platform will greatly elevate the capabilities of our Structured Products group."

"I am excited to have Pete's experience and knowledge base to help us build an emerging markets business," said Joseph Mannello, Head of Broadpoint.Gleacher's Debt Capital Markets division. "And, I look forward to Jeff's contributions as we take the next step in building our Bank Loan Trading group."

Lee Fensterstock, Chief Executive Officer of Broadpoint.Gleacher, said, "We are pleased to be able to attract these professionals to our platform as we continue to expand our fixed income footprint."

About Broadpoint.Gleacher

Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its Investment Banking financial advisory subsidiary, Gleacher Partners LLC, its Equity Capital Markets subsidiary, Broadpoint AmTech and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit www.bpsg.com.

Forward Looking Statements

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