Major George "Tony” Bancroft, USMCR Joins GAMCO Investors, Inc.

GAMCO Investors, Inc. (NYSE:GBL) today announced that G. Anthony Bancroft, II has joined GAMCO in a marketing capacity to raise assets for the firm’s institutional separate account business and investment partnerships.

Commenting on his appointment, Doug Jamieson, President of GAMCO said, "We are delighted to have an individual with Tony’s background, experience and track record of achievement join our team. We are confident that he will have a significant impact as we work to execute our growth plan for the distribution of our separate accounts and partnerships through the institutional channels.”

Bancroft was most recently a U.S. Marine Corps Fighter Pilot stationed in San Diego where he was an F/A-18 Instructor Pilot. In total, he spent 11 years as an aviator with the Marines, including service in Iraq. Bancroft graduated in 1998 from the U.S. Naval Academy at Annapolis. He is married to ABC News correspondent Andrea Canning.

Bancroft will initially be based at Gabelli’s offices in Rye, New York.

GAMCO Investors, Inc. (NYSE: GBL), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. As of March 31, 2009, GAMCO Investors, Inc. had $18.5 billion in assets under management.

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