NEW YORK, Oct. 22, 2018 /PRNewswire/ -- Oppenheimer
& Co. Inc. ("Oppenheimer") – a leading investment bank, wealth
manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) –
today announced that Ed Harrington,
currently Managing Director and Head of Sales & Marketing for
Oppenheimer Asset Management, will assume the role of Executive
Vice President of the Private Client Division (PCD) and become a
member of Oppenheimer's Management Committee. Mark Whaley, currently Executive Vice President
of the PCD, will retire from the leadership position. These changes
will take place as of February 1,
2019, though Mark will remain with the Firm through
2019.
"Ed has demonstrated his leadership and expertise in numerous
ways and brings deep knowledge of our industry, Firm and advisory
practices. In this important role, he will empower our advisors,
help recruit the next generation of advisors, and continue to move
the business forward," said Bud
Lowenthal, Chairman and Chief Executive of Oppenheimer.
"Mark has been an important contributor to our Firm and we are
grateful he will remain with us for the next year as he transitions
into retirement."
Ed has spent 25 years with Oppenheimer, excelling in product
development, sponsor engagement, operations and product marketing.
He built a Sales & Marketing team that delivers an end-to-end
capability including 12 investment platforms, new product
capabilities across all asset classes, sales enablement activities,
and field support. He led successful investment management
distribution efforts across 92 U.S. retail locations and 1,100
advisors and played an important collaborative role in the launch
of the Firm's Private Market Opportunity Platform, which delivers
private investment vehicles to qualified investors.
Mark is a highly regarded leader who has made numerous
contributions to the industry during his long career. He recently
celebrated his 10 year anniversary with Oppenheimer. During his
tenure, he navigated the Firm through a transitional period and set
the business on a path to growth. He led the Firm's recruitment
efforts and delivered significant asset growth and cutting-edge
solutions for advisors. Mark's efforts led to innovative wealth
management capabilities, and significant improvements in our
pre-tax margins, as well as the implementation of
compliance/supervisory controls.
Oppenheimer's Private Client Division brings together resources
that enable our Financial Advisors to deliver valued investment
advice and comprehensive wealth management to a variety of clients,
including families and high-net-worth individuals, foundations and
endowments, pensions, charities and corporate executive services
for all businesses.
Oppenheimer & Co. Inc.
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.
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SOURCE Oppenheimer & Co. Inc.