Cortland buys Gleacher loan agency platform, hires Anderson, Capezuti

By Susanna Moon

Chicago, July 24 - Cortland Capital Market Services LLC said it acquired Gleacher Products Corp., the full-service loan agency platform, from Gleacher & Co., Inc. and renamed the company Cortland Products Corp.

Cortland Products will be combined with Cortland's agency services business to form one of the largest independent bank loan agents in the market, according to a company press release.

The acquisition includes all active agency engagements as well as the retention of key professionals Joanna Anderson and Chris Capezuti, the company said.

Prior to launching the bank loan agency initiative for Gleacher, Anderson was a special situations analyst for Van Kampen Investments where she served on numerous lender steering committees and focused on distressed situations. Before that, she worked for a turnaround and crisis management firm. She also spent several years at a large financial institution in the managed assets department, working on loan workouts and restructurings.

Capezuti brings 13 years of industry experience to Cortland. Before he ran agency operations, middle office and trade closings at Gleacher, Capezuti was a manager in the loan operations and closing department at Bear Stearns.

Cortland Capital Market Services is an independent investment servicing company based in Chicago and New York providing fund administration, commercial bank loan servicing, securitization services and middle-office support to financial institutions.

Cortland's bank loan services group provides services to the syndicated bank loan market including agency services, bank loan settlement, loan administration, CLO manager services and material non-public information firewall services.

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