Eric Gleacher, the former head of mergers and acquisitions at Morgan Stanley, has become chief executive of Broadpoint Gleacher Securities Group less than a year after the firm acquired his advisory boutique.

Broadpoint.Gleacher said in a statement yesterday that chairman Gleacher has taken on the additional role of chief executive, replacing Lee Fensterstock who is leaving to pursue other interests. Fensterstock, who founded Broadpoint Securities, has also resigned from the board of directors.