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Oppenheimer Europe, a subsidiary of Oppenheimer Holdings, announced the hiring of Dmitry Gladkov and Konstantin Derkatschew to lead the newly established Capital Markets Group focusing on Emerging Markets. Both professionals bring extensive experience in investment banking, with a particular focus on Emerging Europe and Central Asia regions. The addition of Gladkov and Derkatschew will enhance Oppenheimer's strategic expansion in advisory and capital markets, solidifying its position as a leading firm in the industry.
Oppenheimer Holdings Inc. reported strong financial results for the first quarter of 2024, with net income of $26.1 million, an increase of 78.2% year-over-year, and revenue reaching $353.1 million, up by 9.8%. The company's positive performance was driven by growth in its investment banking franchise and Wealth Management business, supported by favorable macroeconomic conditions. Assets under management and administration reached record levels, leading to increased advisory fee revenue. The firm ended the quarter with record book value per share levels, positioning it well for future growth.
