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Oppenheimer Strengthens Its Global Credit Team

In a strategic move to bolster its presence in Europe and improve service delivery, Oppenheimer Europe Limited has announced the addition of six senior professionals to its credit division. This significant expansion is aimed at enhancing the firm's capacity to service clients globally, particularly in the realms of high-yield and distressed assets. The new team members, all of whom have transitioned from Stifel, are expected to play a pivotal role in the ongoing development of Oppenheimer’s European operations.

New Additions to the Team

The newly appointed members are:

• - 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 Sales
• - Marc Magliana - Managing Director and Head of High Yield and Distressed Sales
• - Matthew Smith - Managing Director of Distressed Loans and Trading
• - Nicolas Bourguignon - Managing Director and Head of High Yield and Distressed Research
• - Andrew de Almeida - Executive Director and Syndicate Manager for High Yield and Distressed Fixed Income

Max Lami, CEO of Oppenheimer Europe, expressed enthusiasm about the new team members joining the firm, noting, "Their expertise in trading, analysis, and execution of distressed debt will be crucial as we expand our European footprint and enhance our global client servicing capabilities." This statement reiterates the firm’s commitment to delivering compelling investment opportunities and support to its clients worldwide.

Collaboration Across Borders

The London-based team will closely collaborate with Oppenheimer’s high yield teams in the United States, led by Jay McDermott, Eric Friel, and John Mori, as well as the team in Hong Kong under Cliff Huang's direction. This cross-continental collaboration aims to provide seamless access to high yield and distressed credit opportunities. By connecting talent from various continents, Oppenheimer aspires to create a collaborative platform that delivers market-leading insights, liquidity, and execution.

Peter Albano, Global Head of Fixed Income at Oppenheimer, added, "These hires are a significant milestone in our global credit franchise development. By blending talent from different regions, we are fostering a cooperative framework designed to provide industry-leading analysis, superior execution, and innovative credit solutions to clients around the globe." This reflects Oppenheimer’s continuous investment in its global fixed-income platform to ensure that institutional clients benefit from high-caliber analytical resources.

About Oppenheimer

Oppenheimer Co. Inc., the principal subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), is a leading firm that offers a comprehensive range of wealth management services, brokerage, and investment banking. They cater to high-net-worth individuals, families, institutions, and governmental entities in need of tailored financial solutions.

Conclusion

The expansion of Oppenheimer’s credit team is a strategic initiative to enhance its ability to serve clients better and to tap into new market opportunities. This development not only strengthens Oppenheimer’s European operations but also solidifies its commitment to providing high-quality financial services globally. As the firm continues to grow and evolve, it aims to remain at the forefront of the investment banking and wealth management sectors, ensuring a robust platform for its diverse clientele worldwide.