Coolidge Will Serve as a Managing Director
and be Joined at the Firm by Chicago-based colleagues Liberty Ziegahn and Madison Maher
Addition of New
Team Underscores Oppenheimer's Commitment to the Public
Finance Space
NEW
YORK, Jan. 16, 2024 /PRNewswire/ -- Oppenheimer
& Co. Inc. (Oppenheimer) — a leading investment bank,
wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE:
OPY) — announced today that it has named Elizabeth (Beth) Coolidge as Head of Public
Finance. Based in Chicago,
Coolidge will report to Robert
Lowenthal, President of Oppenheimer and Head of Investment
Banking.
Coolidge, who formerly led UBS's Midwest public finance unit for
over six years, joins Oppenheimer with UBS colleagues
Liberty Ziegahn and Madison Maher. These appointments bolster
Oppenheimer's Public Finance team, which includes approximately 25
professionals. Oppenheimer will now have three women at the helm of
its Public Finance, Municipal Underwriting and Municipal Sales
departments: Coolidge, Beth Wolchock
and Cynthia Henry Pinto,
respectively.
These hires reflect Oppenheimer's commitment to adapting to
evolving issuer needs and follows the 2020 acquisition of
San Francisco-based Brandis Tallman, which accelerated the firm's
Public Finance presence in California. At a time when several global
money center institutions have announced plans to eliminate their
public finance businesses, Oppenheimer is strengthening its
commitment to this market.
"We are thrilled to welcome Beth, Liberty and Madison to
Oppenheimer's Public Finance Banking Team," Lowenthal said. "Their
proven track record of success and deep industry knowledge will
substantially enhance our capabilities and position us as a leader
in the municipal finance business. Equally important, this move to
expand our Public Finance Banking Team demonstrates that the firm
is committed to opportunistically investing in this business."
Coolidge, who has closed deals worth over $40 billion throughout her career, brings
extensive industry expertise. Ziegahn and Maher, assuming the roles
of Managing Director and Director, bring a wealth of experience
working alongside Coolidge. Recently, the team received the
prestigious Deal of the Year award from The Bond Buyer for their
work on the first social bonds for the city of Chicago. Coolidge previously secured The Bond
Buyer Deal of the Year in 2002 for her lead role in the Chicago
Housing Authority Capital Program Revenue Bonds.
"I am excited to join Oppenheimer, an institution I've long held
in high regard," commented Coolidge. "Liberty, Madison and I see
potential for issuers to unlock value, and we are eager to help
them achieve their capital-raising goals."
Oppenheimer & Co. Inc.
Oppenheimer & Co.
Inc. (Oppenheimer), a principal subsidiary of
Oppenheimer Holdings Inc. (OPY on the New York
Stock Exchange), and its affiliates provide a full range of wealth
management, securities brokerage and investment banking services to
high net-worth individuals, families, corporate executives, local
governments, businesses and institutions.
Media Contact:
Joseph
Kuo / Michael
Dugan
Haven Tower Group
LLC
424 317 4851 or 424 317
4852
jkuo@haventower.com or mdugan@haventower.com
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content:https://www.prnewswire.com/news-releases/oppenheimer-names-elizabeth-coolidge-head-of-public-finance-302034137.html
SOURCE Oppenheimer & Co. Inc.