Mark J. Hovanic Joins Oppenheimer as Executive Director and Branch Manager

Rhea-AI Summary

Oppenheimer & Co. Inc. (NYSE: OPY) has appointed Mark J. Hovanic as Executive Director and Branch Manager to lead its Private Client Division offices in Richmond and Virginia Beach. Hovanic, a 25-year wealth management industry veteran, joins from J.P. Morgan Securities. Ed Harrington, Executive VP of the Private Client Division, expressed confidence in Hovanic's ability to elevate Oppenheimer's efforts in Virginia by leading existing professionals and attracting new talent.

Hovanic's career includes roles as financial advisor, complex manager, and regional director. He started in finance in 1999 and was most recently with J.P. Morgan Securities in Atlanta. Hovanic aims to leverage his experience and commitment to coaching to help advisors thrive and build lasting client relationships.

Positive

• Appointment of experienced industry veteran Mark J. Hovanic as Executive Director and Branch Manager
• Expansion of leadership in Virginia offices (Richmond and Virginia Beach)
• Potential for attracting new talent to Oppenheimer's wealth management team

Negative

• None.

News Market Reaction – OPY

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In the trading session that priced this news, OPY declined 2.01%, reflecting a moderate negative market reaction.

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Former J.P. Morgan Securities Veteran to Lead Firm's Richmond and Virginia Beach Offices

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced the appointment of Mark J. Hovanic as Executive Director and Branch Manager. In this role, he will lead the day-to-day operations of Oppenheimer's Private Client Division offices in Richmond, Va., and Virginia Beach, Va. A 25-year wealth management industry veteran, Hovanic joins Oppenheimer from J.P. Morgan Securities.

"I'm excited to welcome Mark to our expanding team at Oppenheimer," said Ed Harrington, Executive Vice President of the Private Client Division. "He is a well-respected industry leader with an extensive track record of collaborating with top-performing advisors to help them grow their practices and create superior solutions for clients. I am confident Mark will continue to elevate our efforts in Virginia by leading the group of fine professionals we have in the region and attracting others who appreciate the entrepreneurial – yet fully supported – environment that Oppenheimer is known for."

Over the course of his career, Hovanic has excelled in a variety of roles ranging from financial advisor to complex manager to regional director. He started his finance career in 1999 and was most recently with J.P. Morgan Securities in Atlanta.

Before his career in wealth management, Hovanic devoted five years to ministry work, focusing on high school outreach. His passion for coaching and mentorship spans over 35 years, encompassing roles in collegiate and corporate environments.

Hovanic said, "I am thrilled to join Oppenheimer and look forward to working with the impressive wealth management professionals in Richmond and Virginia Beach. I have always been impressed by the quality of Oppenheimer's advisors, who have a reputation for acting with integrity and in the spirit of partnership. I intend to leverage my experience and commitment to coaching to help advisors thrive and build close, lasting relationships with clients and their families. I appreciate Ed's trust in me and look forward to building out the culture he has created and to furthering the success of the Private Client Division."

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.

Media Contact:
Joseph Kuo / Michael Dugan
Haven Tower Group LLC
424 317 4851 or 424 317 4852
jkuo@haventower.com or mdugan@haventower.com

View original content:https://www.prnewswire.com/news-releases/mark-j-hovanic-joins-oppenheimer-as-executive-director-and-branch-manager-302234743.html

SOURCE Oppenheimer & Co. Inc.

FAQ

Who is Mark J. Hovanic and what is his new role at Oppenheimer (OPY)?

Mark J. Hovanic is a 25-year wealth management industry veteran who has been appointed as Executive Director and Branch Manager at Oppenheimer & Co. Inc. (NYSE: OPY). He will lead the day-to-day operations of Oppenheimer's Private Client Division offices in Richmond and Virginia Beach, Virginia.

Where did Mark J. Hovanic work before joining Oppenheimer (OPY)?

Before joining Oppenheimer, Mark J. Hovanic worked at J.P. Morgan Securities in Atlanta. He has held various roles in the finance industry since 1999, including financial advisor, complex manager, and regional director.

What are Oppenheimer's (OPY) expectations for Mark J. Hovanic in his new role?

Oppenheimer expects Mark J. Hovanic to elevate their efforts in Virginia by leading the existing group of professionals and attracting new talent. They anticipate he will leverage his experience and commitment to coaching to help advisors thrive and build lasting relationships with clients and their families.