In a significant move to enhance its European operations, Oppenheimer Europe Limited has expanded its Global Credit Team through the recruitment of six experienced professionals based in London. This strategic addition is aimed at boosting the firm's High Yield and Distressed Credit business, enabling it to provide superior services to clients on a global scale. The newly appointed experts come from Stifel, bringing with them considerable expertise in areas deigned to strengthen Oppenheimer's existing capabilities in distressed assets trading and high-yield opportunities.
The new members of the team include:
- - Mike Paget: Managing Director and Head of High Yield and Distressed Sales and Trading.
- - Michael Levy: Managing Director and Head of High Yield and Distressed Trading.
- - Marc Magliana: Managing Director and Head of High Yield and Distressed Sales.
- - Matthew Smith: Managing Director overseeing Loans and Distressed Trading.
- - Nicolas Bourguignon: Managing Director, leading High Yield and Distressed Research.
- - Andrew de Almeida: Executive Director, Business Manager for High Yield and Distressed Fixed Income.
Max Lami, CEO of Oppenheimer Europe, expressed enthusiasm at the arrival of this skilled team, stating that their specialized knowledge and successful track record in the realm of distressed debt will be pivotal as the company scales up its presence in Europe. Lami emphasized that this move will not only enhance their service capabilities within Europe but will also ensure that clients across the globe enjoy seamless access to expert insights and execution.
This expanded team is anticipated to collaborate closely with Oppenheimer's established high-yield teams already operational in the U.S. and Hong Kong. Leaders such as Jay McDermott, Eric Friel, and John Mori in the U.S., along with Cliff Huang in Hong Kong, will coordinate efforts to connect expertise across continents, delivering a unified approach towards high-yield and distressed credit opportunities. This collaborative framework is designed to unearth valuable market insights, boost liquidity, and enhance execution strategies, ensuring Oppenheimer stays competitive in the marketplace.
Peter Albano, Global Head of Fixed Income at Oppenheimer, remarked that adding these professionals is a crucial milestone in enlarging their global credit franchise. The firm’s commitment to connecting talent across various regions signifies a dedication to delivering top-tier research and innovative credit solutions to clients worldwide. Oppenheimer's sustained investments in its global fixed income platform solidify their intention to offer industry-leading services, highlighting their commitment to meeting and exceeding client expectations.
Oppenheimer Co. Inc., the principal subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), provides a comprehensive range of financial services, including wealth management and securities brokerage, serving high-net-worth individuals, families, corporations, and institutions. With operations extending across Europe and Asia, the company is well-positioned to assist clients in navigating complex financial landscapes, especially in the high-yield and distressed credit sectors. Given the financial industry's dynamic nature, Oppenheimer's proactive approach underscores its focus on strategic growth while ensuring quality service delivery to clients globally.