Greenhill Recruits Four Managing Directors To Launch Real Estate Placement Advisory Effort

NEW YORK, March 22, 2010 - Greenhill & Co., Inc. (NYSE: GHL), a leading independent global
investment bank, announced today that Bill Thompson, Fredrik Elwing, Walter
Stackler and Pamela Wright will join the Firm as Managing Directors. The four
individuals have been the senior members of the Real Estate Private Fund
Group at Credit Suisse, and will focus on building a real estate placement
advisory business at Greenhill. This new effort will pursue a range of real
estate related advisory activities with a particular emphasis on capital
raising for funds, joint ventures and recapitalizations, as well as advising
real estate fund investors seeking to sell interests in the secondary market.
The new effort will complement Greenhill's existing Fund Placement Advisory
Group for funds outside the real estate area, which was formed when the Firm
recruited the leadership group of the former Lehman Brothers team in early
2008. The team will be based initially in Greenhill's New York, London and
San Francisco offices, with the intention to add additional personnel in the
near term in those and other offices.

The recruits announced today will bring the number of client-focused
Managing Directors at Greenhill in 12 offices worldwide to 64.

Robert F. Greenhill, Chairman of Greenhill, said, "We decided two years
ago that the fund placement advisory business was a natural step in the
growth of our client focused, unconflicted advisory model. The initial
capital raising group we brought in outside the real estate area is off to a
good start. With this expansion into the real estate area, we believe we have
the potential to build a significant placement advisory business that is an
important and complementary addition to the M&A and restructuring advisory
businesses around which we originally built the Firm."

Scott L. Bok, Co-Chief Executive Officer of Greenhill, said, "These four
individuals are typical of the senior recruits we seek. They average more
than 20 years of relevant experience, they have deep expertise in their area,
and together they built one of the leading global franchises in this area.
The fact that they have worked together as a team for a decade or more is an
additional positive. They will fit well as part of the Greenhill culture."

Simon A. Borrows, Co-Chief Executive Officer of Greenhill, said,
"Following up on our announcement last week regarding a major expansion into
Australia through an acquisition, this move further demonstrates our
consistent strategy of growing the Firm over the years. Our objective is to
build the leading independent global advisory firm, with capabilities in all
important geographic regions and all important industry sectors, and covering
a broad range of types of advice. In pursuit of that objective, we have
repeatedly added new geographic or industry expertise by recruiting senior
investment bankers from the large, diversified banks and securities firms."

    Managing Directors Joining Greenhill

    - Bill Thompson, who will continue to be based in San Francisco, has been
      Managing Director and Group Head of the Real Estate Private Fund Group
      (REPFG) at Credit Suisse. Bill co-founded REPFG at Donaldson Lufkin &
      Jenrette (DLJ), which subsequently merged with Credit Suisse in 2000.
      Bill has extensive global institutional investor relationships and over
      28 years of experience in the real estate, private placement and
      related businesses. Prior to joining DLJ, he was a Managing Director at
      Robertson Stephens in the private fund group and private capital
      management group. Prior to Robertson, Bill was Managing Director at
      LaSalle Advisors where his responsibilities included acquisitions and
      new business development.

    - Walter Stackler, who will continue to be based in New York, has been
      Managing Director and Group Co-Head of the Real Estate Private Fund
      Group (REPFG) at Credit Suisse. Walter was a founding member of REPFG
      at Donaldson Lufkin & Jenrette (DLJ), which subsequently merged with
      Credit Suisse in 2000. Walter has extensive experience advising clients
      on fund formation and capital raising and has successfully led
      transactions in North America, Asia and Europe. Prior to the formation
      of the fund placement group, he was with DLJ's commercial mortgage
      group where he specialized in the origination, underwriting and
      structuring of multifamily and commercial mortgages. Prior to joining
      DLJ, Walter was with Ernst & Young Kenneth Leventhal Real Estate Group
      where he specialized in distressed debt valuation, feasibility studies
      and strategic planning.

    - Pamela Wright, who will continue to be based in San Francisco, has been
      Managing Director and Group Co-Head of the Real Estate Private Fund
      Group (REPFG) at Credit Suisse. Pamela was a founding member of REPFG
      at Donaldson Lufkin & Jenrette (DLJ), which subsequently merged with
      Credit Suisse in 2000. Pamela has helped a broad range of sponsors in
      Europe, North America and Asia access capital from institutional
      investors in both the US and Australasia. Prior to joining DLJ, Pamela
      was a Principal and member of Prudential's real estate and private
      equity marketing and client service team, responsible for managing
      relationships with major corporate and public pension funds. Prior to
      Prudential, Pamela was Managing Director, Portfolio Management with GE
      Capital Investment Advisors. There she was responsible for design and
      management of real estate portfolios for institutional clients. Before
      becoming a portfolio manager, Pamela spent ten years in real estate
      acquisitions and underwriting, and two years as a city planner.

    - Fredrik Elwing, who will continue to be based in London, has been
      Managing Director and Group Co-Head of the Real Estate Private Fund
      Group at Credit Suisse. Fredrik joined Credit Suisse in 2001, where he
      was responsible for overseeing the group's activities in Europe,
      including the origination and marketing of a broad range of real estate
      funds focused on Europe, Asia and North America. Prior to joining
      Credit Suisse, he spent three years with the capital markets group of
      Security Capital where he was responsible for the placement of ProLogis
      (PLD) pan-European properties fund, a ground breaking transaction in
      the logistics sector in 1999. Prior to that, Fredrik spent three years
      at Lehman Brothers and eight years with CS First Boston, marketing
      equities and equity related products to institutional investors in
      Europe and the Middle East.

Greenhill & Co., Inc. is a leading independent investment bank focused on
providing financial advice on significant mergers, acquisitions,
restructurings, financings and capital raising to corporations, partnerships,
institutions and governments. It acts for clients located throughout the
world from its offices in New York, London, Frankfurt, Tokyo, Toronto,
Chicago, Dallas, Houston, Los Angeles and San Francisco, with additional
offices in Sydney and Melbourne upon the completion of the pending
acquisition of Caliburn, expected in April, which was announced last week.

    Contact: Richard J. Lieb
             Chief Financial Officer
             Greenhill & Co., Inc.
             +1-212-389-1800

Richard J. Lieb, Chief Financial Officer, Greenhill & Co., Inc., +1-212-389-1800