Having recently completed its acquisition of Massachusetts-based lender ClearPoint Funding, investment bank Gleacher & Co. Inc. has made plans to—among other things—officially transfer its related capital markets group to New York from Marlborough, Mass.
The cap market unit’s move is slated to be effective Monday, Jan. 10.
Phillip Kukafka, who has served as chief lending officer, is slated to head the cap markets unit—pending regulatory approval.
Greg O’Connor, the founder of ClearPoint, is staying with the company and will lead the overall operations of the mortgage lender.
ClearPoint currently lends in 12 states and Washington, D.C.
Mark Pappas, president of Gleacher’s newly formed Descap Mortgage Funding subsidiary, said in a press statement that ClearPoint’s acquisition is an initial platform from which the company plans to build and execute a national mortgage origination strategy.
