Eric Gleacher has been named CEO at Broadpoint Gleacher Securities in light of Lee Fensterstock’s decision to step down from the role to “pursue other interests,” the firm announced Monday.
Fensterstock has also resigned from his seat on the Board of Directors. In addition to the CEO duties, Gleacher will continue to serve as chairman, the company said in a statement. He became chairman at the firm following the June 2009 acquisition of Gleacher Partners by Broadpoint. In addition to launching Gleacher Partners, the statement also credits him with establishing the M&A department at Lehman Brothers in 1978, and heading the global M&A group at Morgan Stanley from 1985 to 1990.