NEW YORK, July 6, 2021 /PRNewswire/ -- Oppenheimer
& Co. Inc. ("Oppenheimer"), a leading investment bank, wealth
manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY), today
announced the expansion of its Global Technology Investment Banking
Group with the appointment of senior banker Maxwell Gover as a Managing Director. Mr.
Gover's primary focus will be on providing strategic advisory and
capital raising services to companies in the interactive media and
communications sectors of the Technology industry. He will be based
in New York City, reporting to
Robin Graham, Oppenheimer's Head of
Technology, Media, and Communications Investment Banking.
Mr. Graham said, "It remains our strategy to expand our senior
technology investment banking team by hiring highly experienced
bankers that bring deep domain expertise in high growth sub-sectors
of the Technology industry. Max's considerable experience raising
capital and providing strategic advice to the interactive media,
gaming and communications segments of our industry is a strong
complement to our existing senior banking team. We look forward to
providing deeper insight and stronger service and thought
leadership to our clients with Max on board."
Mr. Gover joins Oppenheimer with over a dozen years of
experience in corporate finance advisory across numerous
technology, media and telecommunications verticals. Previously, he
was with Wells Fargo, where he led the Interactive Media and
Communications Technology practices. Prior to Wells Fargo, he was a
member of the M&A advisory team at Morgan Stanley.
The technology, media, and communications sector has experienced
tremendous growth in recent years as companies across the industry
capitalize on secular trends that are driving both adoption and new
applications of technology by innovating and expanding their
product and service offerings.
Oppenheimer's Technology Investment Banking team has taken
significant market share since 2018 through aggressive hiring at
all levels and tremendous success in onboarding and integrating a
highly specialized team of industry coverage bankers with deep
sub-sector expertise to complement Oppenheimer's strength in
Technology equity research and the equity capital markets.
Mr. Gover said, "Given the massive tailwinds in the technology
environment, including access to reliable, affordable broadband and
demographic shifts driving media consumption and workforce
collaboration, both interactive media and communications technology
are in their early innings as disruptive, transformative forces
driving value creation in the global economy. I am extremely
excited about continuing to work with exciting, disruptive and fast
growing companies by leveraging Oppenheimer's exceptional
full-service platform and extensive range of capabilities to
provide strategic M&A advice and capital raising services to
our clients."
Oppenheimer's ongoing, thoughtful expansion of its senior
investment banking leadership and expertise across key industries
and sectors, coupled with continual investment in its leading
equity research capabilities, has been one of the primary drivers
of the firm's record-setting investment banking results over the
past year. Full-year investment banking revenue of $222 million for 2020 increased more than 70%
over 2019, while Q1 2021 revenue for the division increased 384%
versus Q1 2020, to $124.5 million.
The expansion of Oppenheimer's Global Technology Investment Banking
Group is expected to build even further on this momentum.
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. For more information, please visit
www.oppenheimer.com.
Media Contact:
Joseph
Kuo / Michael Dugan
Haven Tower Group LLC
424 317 4851 or 424 317 4852
jkuo@haventower.com or mdugan@haventower.com
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SOURCE Oppenheimer & Co. Inc.