NEW YORK, June 21, 2016 /PRNewswire/ -- Oppenheimer &
Co. Inc. ("Oppenheimer") today announced the retirement of Senior
Vice President Tom Fritzlen after
more than three decades at the firm and the appointment of
Jim Lowe as Fritzlen's successor. In
addition to these changes, Mark
Trafford and Todd Wiggins
have been named branch managers of Oppenheimer's Seattle and Atlanta branches,
respectively.
"Tom served Oppenheimer for 31 years, always upholding the
values and ethics that we strive for as a firm," said Bud Lowenthal, Chairman and CEO of Oppenheimer.
"We are incredibly appreciative of the work Tom has done for us and
the leadership skills he has demonstrated. He will be missed as he
moves into his next chapter of life when he retires at the end of
2016."
Jim Lowe, who will assume
Fritzlen's responsibilities as part of the senior management team
for Oppenheimer's private client division, has held executive
positions at multiple wealth management firms. Most recently, Lowe
served as a branch manager at Oppenheimer's lower Manhattan branch, all while managing a
successful investment advisory practice. He was also an executive
director for Josephthal & Co. Inc., where he oversaw operations
at 14 branch offices.
"Given Jim Lowe's past credentials and long tenure at
Oppenheimer, he's the logical choice to lead our branch managers
toward continued success after Tom's retirement," said Mark Whaley, Executive Vice President and Head
of the Private Client division. "With Jim's tremendous industry
experience and results, we know he is the best possible choice to
take the reins as we prepare for the future of the business."
Branch Manager Additions
As branch managers, Mark Trafford
and Todd Wiggins will be responsible
for recruiting talent, helping manage day-to-day operations and
providing guidance for financial advisers.
Trafford, who will lead the Seattle branch, started his career at Dain
Bosworth and moved to Morgan Stanley in 1999. In 2012, Trafford
joined Wells Fargo, where he managed the Kirkland/Issaquah complex before moving to the
Seattle branch of Wells Fargo
Advisors. Trafford is both a registered investment adviser with the
Securities and Exchange Commission and registered financial adviser
with FINRA.
Wiggins brings more than 23 years of experience to the
Atlanta branch. He is a registered
investment adviser with the Securities and Exchange Commission and
registered financial adviser with FINRA. Prior to joining
Oppenheimer, Wiggins held leadership positions at several
prestigious financial services firms, including Morgan Stanley,
Smith Barney, Marquis Investments and, most recently, UBS Financial
Services.
"Atlanta and Seattle are strategically important markets
for our firm, and we are thrilled to bring on talent with such
strong backgrounds to guide these teams forward and grow our
private client base in the regions," said Whaley. "Both Mark and
Todd were chosen to lead branches because of their immense industry
experience and proven leadership styles for building talent and
culture."
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.