Broadpoint.Gleacher Launches Full-Service Loan Agency Group with the Closing of Its First Two Agency Deals
April 14 2010 - 7:30AM
Business Wire
Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG), today
announced the launch of its full-service loan agency group and the
closing of its first two loan agency transactions. Joanna Anderson
has joined the firm as a Senior Vice President and Head of the
group.
“Our clients have increasingly expressed the need for a
non-conflicted, third-party successor agent that has the ability to
offer a full-service agency function including driving
restructuring and amendment processes and creating a market in debt
and equity, in addition to providing back office and administrative
duties. Our team’s existing infrastructure coupled with Joanna’s
experience provides lenders with an ideal solution,” said Joseph
Mannello, Head of Debt Capital Markets of Broadpoint.Gleacher.
Prior to joining Broadpoint.Gleacher, Ms. Anderson was a special
situations analyst for Van Kampen Investments where she served on
numerous lender steering committees and focused on distressed
situations. Previously, she worked for a turnaround and crisis
management firm and prior to that she spent several years at a
large financial institution in the Managed Assets Department,
working on loan workouts and restructurings.
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 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
This press release contains "forward-looking statements." These
statements are not historical facts but instead represent the
Company's belief regarding future events, many of which, by their
nature, are inherently uncertain and outside of the Company's
control. The Company's forward-looking statements are subject to
various risks and uncertainties, including the conditions of the
securities markets, generally, and acceptance of the Company's
services within those markets and other risks and factors
identified from time to time in the Company's filings with the
Securities and Exchange Commission. It is possible that the
Company's actual results and financial condition may differ,
possibly materially, from the anticipated results and financial
condition indicated in its forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements. The Company does not undertake to update any of its
forward-looking statements.
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