NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Oppenheimer
& Co. Inc. ("Oppenheimer"), a unit of Oppenheimer Holdings
(NYSE: OPY), today announced an expansion of the Firm's Public
Finance Department. The growing team recently added two new
Managing Directors–Chris Morse and Mark Morehouse–to its senior
banker ranks and announced that Beth
Wolchock, Managing Director and Head of Municipal
Underwriting, has been named as a new Board Member of the Municipal
Securities Rulemaking Board (MSRB).
Oppenheimer's growth and leadership demonstrate the Firm's
commitment to the Public Finance business. The Public Finance
Department serves the Firm's clients from 13 regional offices and
provides bond distribution via the Firm's national branch office
system. Bill Reisner was recently
named Head of Public Finance, and under his direction the team has
been strategically executing on a growth plan and has benefited
from industry recognition and continued expansion of the
Firm.
"Oppenheimer's presence has continued to grow considerably this
year," said Reisner. "The success we've seen thus far in 2017
reflects Oppenheimer's continued investment and focus on recruiting
the best talent to serve our clients in the municipal space. We
selected the new members of the team for their deep knowledge of
this sector and experience working in public finance."
Chris Morse will focus on higher
education and healthcare from the Firm's Philadelphia office. Morse brings more than 20
years of investment banking experience. Most recently, at William
Blair & Co., Morse had been successful in developing the high
yield, tax-exempt debt market, where he originated more than
$270 million in non-rated higher
education bonds.
Mark Morehouse, who joins the
Firm's Chicago office, will focus
on the Public-Private Partnership (P3) sector where he will be
responsible for originating and executing P3 advisory and
capital-raising engagements in the transportation, social
infrastructure, and water sub-sectors in the U.S. and globally.
Prior to joining Oppenheimer, Morehouse was a Managing Director and
Head of P3 Investment Banking at William Blair & Co.
In a joint statement, the new hires expressed why each selected
Oppenheimer: "Oppenheimer's commitment to the business and ability
to act quickly on market opportunities is what attracted us to the
Firm. The Firm's long history, extensive geographic reach and
expertise in investment banking and municipal finance combine to
make an attractive platform for the P3 and higher education
high-yield market, and we're excited to help the Firm expand its
capabilities. Additionally, Oppenheimer's retail and institutional
distribution platforms are highly advanced for the industry, which
further solidified our choice to join the Firm."
Further demonstrating Oppenheimer's leadership in the municipal
securities market, Beth Wolchock,
Managing Director and Head of Municipal Underwriting with
Oppenheimer, who has more than 40 years of experience in the public
finance space, has been named to the MSRB Board of Directors. She
will be part of the 21-member Board that establishes regulatory
policies and oversees MSRB initiatives to promote compliance,
transparency, and education. The MSRB writes investor protection
rules and other rules regulating broker-dealers, banks, and
municipal advisors in the United
States municipal securities market.
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.