Gleacher hires Scott Margolis to head convertible securities group

By Melissa Kory

Cleveland, Nov. 8 - Gleacher & Co. Securities, Inc. hired Scott Margolis as head of the convertible securities group in the firm's corporate credit division.

Margolis has over 18 years of experience in management, sales, trading and research in the convertible securities area. Prior to joining Gleacher, he worked for Weeden & Co., LP as managing director and co-head of the convertible bond group.

Prior to Weeden, Margolis was managing director and senior trader of convertible securities with Bear Stearns. He also managed and traded convertible securities with Credit Suisse First Boston Corp. and UBS Securities.

"Scott's addition will not only expand our secondary sales and trading presence in converts, but will significantly enhance our product capabilities for our corporate clients seeking to raise capital," Peter McNierney, chief executive officer, said in a news release.

Gleacher & Co. Securities is a broker dealer subsidiary of Gleacher & Co., Inc., an independent investment bank based in New York.

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