DESCAP — Founded in 1991, DESCAP became part of what is now Gleacher & Company Securities in 2004. The DESCAP division provides sales, trading, banking, research and advisory services on a wide range of mortgage and asset-backed securities, U.S. Treasury and government agency securities, structured products such as CLOs and CDOs, whole loans, and other securities. Trading volume is over $100 billion in securities annually, and DESCAP positions approximately $1 billion in inventory.

The DESCAP team consists of over 65 professionals, including over 35 sales professionals, who have developed strong relationships with more than 700 institutional investors, including mutual funds, pension funds, insurance companies, hedge funds, investment managers and investment advisors, by providing value-added investment ideas and access to execution services and inventory capital.