NEW YORK, Aug. 8, 2017 /PRNewswire/ -- Oppenheimer
& Co. Inc. ("Oppenheimer") – a leading wealth manager and
investment bank under Oppenheimer Holdings (NYSE: OPY) – announced
its formation of the Institutional Fixed Income Services
team. The nationwide sales team, headquartered in New York, is designed to develop the Firm's
business with institutional clients who deal in fixed income
securities on a regional level.
Managing Director and Institutional Sales Manager of the Firm's
Government Agency & Municipal Entity Business, Behzad Mansouri, will leverage Oppenheimer's
extensive network of 93 branches across 24 states and its
recognized strength in global fixed income capital markets to lead
the team. The Institutional Fixed Income Services team represents a
joint venture between the Institutional Fixed Income Division and
the Private Client Division. Mansouri will report to Peter Albano, Global Head of Taxable Fixed
Income, and Mark Whaley, Head of
Private Client Division and Management Committee Member.
The new team will begin with a focus on middle market
institutions, such as financial depository institutions, fraternal
organizations, endowments, and municipal entities. The goal is for
the Firm to deepen relationships and involvement with institutional
transaction-based clients in the fixed income space by utilizing
Oppenheimer's strengths in portfolio analytics, strategy, and
trading.
Albano and Whaley made the following joint statement: "With the
collaboration between the Private Client Division and Taxable Fixed
Income, Oppenheimer is leveraging its strengths to become one of
the top broker-dealer counterparties in this space. The Firm
already services a number of financial institutions with portfolio
strategy, analytics, and execution, but through the formalization
of this effort we hope to engage a broader range of such clients
and attract professionals with senior and long-standing client
relationships."
About 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.