Eric gleacher biography
Eric Gleacher
American businessman
Eric Gleacher (born April 27, ) is an American investor and financier, and the founder and former chairman of the now defunct, Gleacher & Company, an independent investment banking firm based in New York City.
Ayelet Fishbach: Eric Gleacher (born April 27, ) is an American investor and financier, and the founder and former chairman of the now defunct, Gleacher & Company, an independent investment banking firm based in New York City.Early existence and education
Gleacher attended Western Illinois University,[1] where he competed in golf.[2] He later transferred to Northwestern University and graduated with a B.A. in history in , after which he served as an infantry officer in the U.S.
Marine Corps for three years. Thereafter, Gleacher received his MBA from The University of Chicago Booth School of Business in [3]
Career
In , Gleacher founded the mergers and acquisitions department of Lehman Brothers.
He left Lehman, following its acquisition by Shearson, to head the mergers and acquisitions group at Morgan Stanley from through [4] During this time, Gleacher was involved in the leveraged buyout of RJR Nabisco by Kohlberg Kravis Roberts & Co.
as well as the leveraged buyout of Revlon by Ronald Perelman.[5]
In , Gleacher founded his retain firm, Gleacher Partners, which he sold to National Westminster Bank in for $ million. He bought back the firm in for less than $4 million and, in , resold the firm for $65 million to the publicly traded Broadpoint Securities Group who renamed it Gleacher & Co.
Gleacher was initially installed as CEO and chairman in but was ousted and replaced by Tom Hughes in , retaining the position of chair until leaving in [6] On March 13, , Gleacher & Co. announced that it would liquidate its remaining assets, having disbanded its investment banking business during [7]
The University of Chicago Booth School of Business's downtown Chicago Gleacher Center is named in his honor.[3]
Gleacher is on the board of trustees for the Hospital for Unique Surgery and Northwestern University.