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Oppenheimer Expands Its Global Credit Team

On September 18, 2025, Oppenheimer Europe Limited, a notable subsidiary of Oppenheimer Holdings, publicly declared a significant expansion of its global credit team. This move is set to strengthen its presence and capabilities in the realm of high-yield and distressed credit markets, directly enhancing the services it offers clients around the world.

Strengthening Global Presence

Oppenheimer has welcomed six seasoned professionals from London who bring with them a wealth of expertise in high-yield and distressed credit sectors. The team, previously affiliated with Stifel, is expected to play a crucial role in bolstering Oppenheimer's operations in Europe and expanding the firm's outreach in providing cross-border services to its clientele. The newly appointed members are:
- Michael Levy: Managing Director and Head of High Yield and Distressed Sales and Trading
- Marc Magliana: Managing Director and Head of High Yield and Distressed Sales
- Matthew Smith: Managing Director specializing in Loans and Distressed Trading
- Nicolas Bourguignon: Managing Director and Head of High Yield and Distressed Research
- Andrew de Almeida: Managing Director and Business Lead for High Yield and Distressed Fixed Income

This cohesive group is expected to significantly contribute to enhancing Oppenheimer’s institutional services, reflecting the firm’s commitment to providing top-notch services globally.

Expert Insights from Industry Leaders

Max Lami, the Managing Director of Oppenheimer Europe, expressed enthusiasm about the new additions, stating, "We are thrilled to welcome this team to Oppenheimer. Their expertise and proven track record in trading distressed credits and conducting research will be instrumental as we expand in Europe. This transition solidifies our operations in high-yield and distressed credit areas, enabling our institutional clients to benefit from our innovative strategies on a global scale."

This expansion not only broadens Oppenheimer's capabilities but also intertwines closely with their existing teams in the United States, led by Jay McDermott, Eric Friel, and John Mori, as well as Cliff Huang's team in Hong Kong. The collaboration among these groups aims to create seamless access for clients to high-yield and distressed credit opportunities worldwide.

A Significant Milestone

Peter Albano, the Global Head of Fixed Income at Oppenheimer, emphasized the importance of these new hires. He stated, "This hiring marks a significant milestone in our global credit business expansion. By uniting talent across continents, we are creating a collaborative platform that offers leading insights, liquidity, and execution capabilities. These appointments are a direct reflection of Oppenheimer's ongoing investments in its global fixed-income structure and our commitment to providing clients with high-quality research, execution, and innovative credit solutions."

Through strategic hiring and a focus on collaboration, Oppenheimer continues its forward momentum in addressing the intricate needs of their diverse clientele across various regions. The newly established London team represents another pivotal step in enhancing the firm's global footprint, ensuring that it remains competitive in the ever-evolving financial landscape.

In summary, Oppenheimer Europe Limited’s strategic expansion of its credit division positions the firm well to leverage high yield and distressed asset opportunities, promoting an interconnected approach across its global offices and enhancing its service offerings to clients around the globe.