NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Oppenheimer
& Co. Inc., a unit of Oppenheimer Holdings Inc. (NYSE: OPY), is
pleased to announce today the appointment of Managing Director
Doron Barness to the position of
Head of Trading for its U.S. equity division. Doron is stepping
into the role of veteran manager Peter
Feinberg, who is retiring later this month. Doron will
continue to work out of Oppenheimer's global headquarters at 85
Broad Street in New York City. He
reports to John Hellier, Senior
Managing Director, Head of Equities.
Previously to joining Oppenheimer, Mr. Barness was a founding
partner at WP Asset Management, where he was responsible for
trading and operations, business development and asset raising.
Prior to his stint on the buy-side, Mr. Barness spent 14 years at
Goldman Sachs, most recently as Managing Director in the U.S.
equity division where he covered a diverse base of institutional
client accounts. He began his career on Wall Street as an analyst
in the Investment Banking program at Salomon Brothers. He holds a
B.A. from Columbia University, where he
played varsity soccer and studied classical Piano.
"We are enthusiastic about having a senior manager of Doron's
caliber at the helm of our trading operation, and very much expect
to see continued gains in our market share as well as other
improvements in our business as a result of his leadership of the
sales trading and trading desks," said Mr. Hellier. "We feel
confident that there will be a smooth and seamless transition from
Peter's many years of outstanding leadership on the desk. Our
clients have already indicated their support for Doron in his role
as Head of Sales Trading in New
York, and we are grateful for that continued support
now."
Mr. Barness commented, "I am extremely honored to lead a team of
such exceptional talent here at Oppenheimer. I look forward to the
opportunity of evolving our business as we continue to grow, and as
we adapt to the changing nature of equity trading on Wall
Street."
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary
of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange),
provides 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.
Certain statements in this release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
a number of risks, uncertainties and other factors that could cause
actual results to differ materially, as discussed in the Company's
filings with the Securities and Exchange Commission.
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SOURCE Oppenheimer & Co. Inc.