EXHIBIT 20

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing of MatlinPatterson FA Acquisition LLC, MatlinPatterson LLC, MatlinPatterson PE Holdings LLC, MP II Preferred Partners L.P., MP Preferred Partners GP LLC, David J. Matlin and Mark R. Patterson, on behalf of each of them a statement on Schedule 13D (including amendments thereto) with respect to shares of common stock, par value $0.01 per share, of Gleacher & Company, Inc. and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 25th day of February 2013.

	MATLINPATTERSON FA ACQUISITION LLC

	By:	/s/ Robert H. Weiss
		Name: Robert H. Weiss
		Title: Vice President

	MATLINPATTERSON LLC

	By:	/s/ Mark R. Patterson
		Name: Mark R. Patterson
		Title: Member

	MATLINPATTERSON PE HOLDINGS LLC

	By:	/s/ Robert H. Weiss
		Name: Robert H. Weiss
		Title: General Counsel

	MP II PREFERRED PARTNERS L.P.
	By:	MP Preferred Partners GP LLC,
		its general partner

	By:	/s/ Robert H. Weiss
		Name: Robert H. Weiss
		Title: General Counsel

	MP PREFERRED PARTNERS GP LLC

	By:	/s/ Robert H. Weiss
		Name: Robert H. Weiss
		Title: General Counsel

	DAVID J. MATLIN

	By:	/s/ David J. Matlin
		Name: David J. Matlin

	MARK R. PATTERSON

	By:	/s/ Mark R. Patterson
		Name: Mark R. Patterson

MATLINPATTERSON LLC SC 13D/A