Oppenheimer & Co. Inc. Investment Banking further enhances the leadership of the financial institutions group with the addition of a specialized finance team

Oppenheimer & Co. Inc. Investment Banking further enhances the leadership of the financial institutions group with the addition of a specialized finance team

This approach, coupled with ongoing investment in Oppenheimer’s leading equity research capabilities, has been one of the key drivers of the firm’s record-setting results for its investment banking business 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 FIG investment banking group is expected to build even further on this momentum. This most recent enhancement to Oppenheimer’s FIG team supports the firm’s broader investment banking growth strategy, which emphasizes the ongoing, thoughtful expansion of the firm’s senior leadership expertise across key industries and sectors. 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.

Mr. Penn is also based in Baltimore and will report to John Parks, Director of Research. Oppenheimer also announced that it has added Mitchel Penn as Managing Director, Equity Research, expanding the firm’s coverage of the Specialty Finance sector with a specific focus on business development corporations (BDCs). Mr. Penn most recently served as Managing Director, Equity Research at Janney Montgomery Scott, LLC, where he covered BDCs and Mortgage REITs. Prior to Janney Montgomery Scott, LLC, Mr. Penn was a portfolio manager at Legg Mason Capital Management and Fixed Income Portfolio Manager at Aetna Life Insurance Company.

Mr. Dychiao said, “Expanding into the fast-growing and strategically vital specialty finance segment with Cliff and JD at the helm will provide our clients with differentiated, high-value solutions to support their financial and strategic objectives while continuing to round out our global investment banking capabilities across the financial institutions space. With this announcement building on our recent additions of Joseph Lovell as Managing Director within our Asset Management team, Philippe Jacquemard as Managing Director covering European Insurance and Leslie Fenton and Ritendra Roy as Managing Directors for US Insurance, we are continuing to put in place the tools and capabilities to provide insightful, unconflicted advice to clients across the full scope of the rapidly-evolving financial services universe.” Both Mr. Booth and Mr. Nelson, who are based in Baltimore, MD, will report directly to Gilbert Dychiao, Managing Director and Head of Oppenheimer’s Financial Institutions Group.

Source www.prnewswire.com

SOURCE Oppenheimer & Co. Inc. Media Contact:Joseph Kuo / Michael DuganHaven Tower Group LLC424 317 4851 or 424 317 4852 or

The News Highlights

  • Oppenheimer & Co. Inc. Investment Banking further enhances the leadership of the financial institutions group with the addition of a specialized finance team
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Nixxes Software is essential for Sony to port its games to PC
Sony clarifies that Nixxes acquisition Was Essential For Porting Games to PC
Speaking to Famitsu as part of the announcement that the PS5 has sold more than 10 million units, Sony Interactive Entertainment president Jim Ryan was asked ...
Waco Hospitals Requiring COVID-19 Vaccination for Employees |  local news
Waco Hospitals Requiring COVID-19 Vaccination for Employees | local news
All Baylor Scott & White employees, providers, volunteers, vendors, students and contract staff have to be fully vaccinated against COVID-19 by Oct. 1, ...
Two sailors die from complications in COVID-19 after hospitalization
Two sailors die from complications in COVID-19 after hospitalization
He was commissioned in 1997 via ROTC from the University of Colorado, Boulder and served in Texas, California and Florida before coming to Camp Lejeune. Ropp ...
In the Village of Rome, a new mobile phone video captures the seconds as a home explodes
In the Village of Rome, a new mobile phone video captures the seconds as a home explodes
‘It’s tragic, it’s devastating’: 1 dead in home explosion in Jefferson County On Wednesday, a hole is all that is left from where Mike and Sharon ...
Santa Clara County supervisors consider mandatory mental health treatment for people with serious illnesses |  News
Sherman Receives Money for Housing Rehabilitation | News, Sports, Jobs
“We knew this would be a very competitive grant cycle, many communities share similar needs,” she said. Meeder said it was known that the 2020 cycle was a ...
Nintendo 3DS Has A New System Update After Almost An Year
Nintendo 3DS Has A New System Update After Almost An Year
The Nintendo 3DS has been around for over a decade. Despite becoming an extremely successful console with over 75 million units sold, Nintendo has since ...
Medicare enrollment is starting to accelerate as the number of home health agencies continues to decline
Medicare enrollment is starting to accelerate as the number of home health agencies continues to decline
“Beginning in 2030, when the entire baby-boom generation will have become eligible, Medicare enrollment will continue to increase, but more slowly,” the data ...
Google Play Protect has once again failed Android security testing
Google Play Protect has once again failed Android security testing
Google’s Android mobile threat protection, which automatically scans over 100 billion apps every day, was introduced during the Google I/O 2017 in May 2017, ...
Rebooting often helps deter phone hackers, according to the National Security Agency – Fremont Tribune
Rebooting often helps deter phone hackers, according to the National Security Agency – Fremont Tribune
PreviousNext Tags Dcc Lvs Dccpat Wire Ap-video Nsa Reboot Hackers Cybersecurity Digital Smartphones Devices Information Theft In this Series Watch Now: How ...
Oklahoma director gets good news after battling the long-term effects of COVID-19
Oklahoma director gets good news after battling the long-term effects of COVID-19
In late December, Allen was dealing with a rare heartrate fluctuation, which caused his resting heartrate to bounce from the 20s to above 170 within minutes. ...
Show next
Compsmag - Latest News from tech, business and health
Logo