Frank Castelluccio Joins Broadpoint.Gleacher as Executive Managing Director and Head of Operations

Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG), today announced that Frank Castelluccio has joined the firm as an Executive Managing Director and Head of Operations. Mr. Castelluccio has also joined the firm's management committee.

Mr. Castelluccio joins Broadpoint.Gleacher with over 25 years of experience in all aspects of brokerage operations. Most recently, he spent eight years as a Managing Director in the Fixed Income division of Jefferies & Company, Inc. where he was responsible for the middle office activities of the division. Prior to Jefferies & Company, Inc., Mr. Castelluccio spent 16 years at Gruntal & Co., L.L.C., where he was a Senior Vice President and the Director of Operations.

Lee Fensterstock, Chief Executive Officer, said, "I have known Frank for 15 years and have worked with him at two different companies. His experience and skill set are critical to ensuring a first rate infrastructure is maintained to support our growing company."

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.

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.

SOURCE: Broadpoint Capital, Inc.

Investors: 
Broadpoint Gleacher Securities Group, Inc. 
Robert Turner, 212-273-7109 
Chief Financial Officer 
or 
Media: 
Halldin Public Relations 
Ray Young, 916-781-0659 
ray@halldinpr.com

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