Lex Malas Joins Broadpoint

Keith “Lex” Malas has joined Broadpoint Capital as head of capital markets origination for all equity and corporate debt purchases. He also has joined the firm’s management committee. Malas previously was with Deutsche Bank, where he managed leveraged financings in the energy, power, healthcare, paper and packaging sectors.

PRESS RELEASE

Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG), today announced that Keith “Lex” Malas will head its Capital Markets Origination division for all equity and corporate debt products and will join Broadpoint’s management committee.

Mr. Malas brings over 20 years of experience in capital markets to Broadpoint.Gleacher. Most recently, Mr. Malas was at Deutsche Bank, where he managed leveraged financings in the energy, power, healthcare, paper and packaging sectors. Prior to Deutsche Bank, Mr. Malas was a Managing Director in high yield capital markets at UBS, where he led high yield financings in the energy, power, media, and telecom sectors. Mr. Malas started his career in 1988 as a member of the investment banking division at Goldman Sachs, where he ultimately was a Managing Director and Head of Natural Resources Capital Markets. Mr. Malas earned a BA from Johns Hopkins University in 1988 and his MBA from Harvard University in 1992.

Joining Mr. Malas on the capital markets team is Kevin Reynolds, Scott Coburn, David Lessen, Ph.D., Len Sheer, and Jason Partenza.

Mr. Reynolds heads Broadpoint.Gleacher’s Debt Capital Markets Origination effort. Mr. Reynolds has more than 24 years of experience in the financial services industry and he has focused on credit research, bankruptcy and distressed trading, emerging market debt capital markets, and corporate asset backed securitizations. Prior to joining Broadpoint.Gleacher, Mr. Reynolds had spent 12 years at UBS in a number of senior roles, including Global Co-Head of Liability Exchange Offers and Corporate Recapitalizations. Mr. Reynolds earned a BA from Boston College in 1979 and his MBA from The Wharton School of the University of Pennsylvania in 1984.

Mr. Coburn heads Broadpoint.Gleacher’s Equity Capital Markets Origination effort. Previously, Mr. Coburn was with the Citigroup Global Capital Markets and Institutional Investor Group. Prior to Citigroup, Mr. Coburn was Head of Equity Capital Markets at PaineWebber, where he was responsible for the solicitation and execution of the firm’s equity underwritings amounting to $10 billion in total business, including approximately $1 billion in lead managed transactions. He was also a member of the firm’s operating committee and Co-Head of its equity commitment committee. Mr. Coburn has served as Chairman of the Securities Industry Association Syndicate Committee and was previously a board member of the Investment Association. He holds an MBA from Columbia University and an AB from Brown University.

Dr. Lessen heads Broadpoint.Gleacher’s Convertible Debt Origination effort. He has more than 16 years of experience in the financial services industry and has focused on convertible bond and equity derivative origination, structured finance and corporate risk management. Prior to joining Broadpoint.Gleacher, Dr. Lessen spent 9 years at UBS Investment Bank where he was a Managing Director in the Global Healthcare Investment Banking Group. Dr. Lessen earned BS and MEng degrees in Mechanical and Aero Space Engineering from Cornell University, a Ph.D. in Theoretical and Applied Mechanics from Rensselaer Polytechnic Institute and an MBA from the Johnson Graduate School of Management at Cornell University in 1992.

Mr. Sheer is a Principal at Broadpoint.Gleacher and has more than 12 years of experience in the financial services industry. His background includes private placements of debt and equity and domestic and international merger and acquisition advisory roles in a wide variety of industries. Prior to joining Broadpoint.Gleacher, Mr. Sheer was a Senior Analyst at Pardus Capital, a hedge fund based in New York City focused on investing in debt and equity. He was also a Vice President at Lehman Brothers, focusing on M&A advisory assignments. Mr. Sheer earned his BS in Finance and Economics from Babson College in 1996.

Mr. Partenza has approximately nine years of experience in investment banking and capital markets. Since joining Broadpoint.Gleacher in 2002, Mr. Partenza has worked on more than 80 financings raising more than $10 billion in gross proceeds, including public and private equity and debt capital markets transactions. His experience covers various sectors including energy, healthcare, industrials and technology, among others. Prior to Broadpoint.Gleacher, Mr. Partenza was a member of the Investment Banking group at Robertson Stephens where he was a member of the healthcare and communications teams. Mr. Partenza graduated from Georgetown University’s McDonough School of Business with a BS in Finance.

Lee Fensterstock, Chief Executive Officer of Broadpoint.Gleacher, said, “Perhaps Broadpoint.Gleacher’s greatest opportunity is to assist companies in financing the 2 trillion dollars of bank debt that must be repaid over the next 5 years. Our capital markets team, in conjunction with our banking and sales and trading teams, will play a key role in this effort and we are pleased to have assembled such a talented group.”

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 new 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.