Oppenheimer Announces Expansion of Emerging Markets Desk

Rhea-AI Summary

Oppenheimer Holdings (NYSE: OPY) announced the expansion of its Fixed Income Division with three new Managing Directors joining the Emerging Markets Desk in New York. The strategic hires include Persio 'Tony' Perez as EM Sales Manager, Michael Chatman for EM Sales, and Bill Dolan for EM Sovereign Trading.

The new team members bring significant experience: Perez with nearly 30 years, previously at BCP Securities and Merrill Lynch; Chatman with over 25 years, formerly at BCP Securities and BNP Paribas; and Dolan with almost 40 years, previously at Salomon Brothers and Citigroup. These appointments strengthen Oppenheimer's capabilities in emerging markets sales, trading, and research solutions.

Positive

• Strategic expansion of Fixed Income Division with three experienced Managing Directors
• Enhancement of emerging markets capabilities in sales, trading, and research
• Addition of senior executives with extensive industry experience (25-40 years) and established client relationships

Negative

• None.

News Market Reaction

-1.23%

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-1.23% News Effect

On the day this news was published, OPY declined 1.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Strategic Recruitments of Persio 'Tony' Perez, Michael Chatman and Bill Dolan as Managing Directors Builds on Growth Momentum of Fixed Income Team

Senior-Level Hires Enhance Oppenheimer's Capabilities in Emerging Markets Sales, Trading and Research Solutions

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today the continued expansion of its Fixed Income Division with the addition of three new Managing Directors to the Emerging Markets Desk in New York. Joining the firm are Persio "Tony" Perez, EM Sales Manager; Michael Chatman, EM Sales; and Bill Dolan, EM Sovereign Trading.

"I am thrilled to welcome Tony, Mike and Bill to our Emerging Markets team," said Peter Albano, Senior Managing Director and Global Head of Fixed Income at Oppenheimer. "These strategic recruitments demonstrate Oppenheimer's commitment to further enhancing our deep sales relationships, experienced trading capabilities and unparalleled research product in emerging markets."

The new members of the team collectively bring long-term relationships, the ability to evaluate relative value across emerging markets products and a deep understanding of the asset class, as well as the needs of the clients who invest in it.

Perez has nearly 30 years of experience. Most recently, he was a Partner at BCP Securities and served in the same role at Barclay Investments. He began his career in emerging markets at Merrill Lynch, where he became a Managing Director. During his time in emerging markets fixed income, Perez has worked in sales covering hedge funds and asset managers in the U.S., Latin America and Europe.

Chatman has more than 25 years of experience. Most recently, he was a Director, Emerging Markets Credit Sales at BCP Securities. Previously, Chatman held director and credit sales positions at both Barclay Investments and BNP Paribas. Chatman's background includes trading and sales across U.S. investment grade, crossover, high-yield and emerging market debt.

Dolan has nearly 40 years of experience. He started his career at Salomon Brothers and then continued with Citigroup after it acquired the firm. He has extensive expertise in emerging markets trading and also comes to the firm from BCP Securities, where he most recently served as senior Latin American sovereign trader.

The hires build on the steady expansion of Oppenheimer's Fixed Income Division and continued commitment to global emerging markets.

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/oppenheimer-announces-expansion-of-emerging-markets-desk-302333067.html

SOURCE Oppenheimer & Co. Inc.

FAQ

Who are the new Managing Directors joining Oppenheimer's (OPY) Emerging Markets Desk?

Oppenheimer hired three Managing Directors: Persio 'Tony' Perez as EM Sales Manager, Michael Chatman for EM Sales, and Bill Dolan for EM Sovereign Trading.

What experience do the new Oppenheimer (OPY) Emerging Markets hires bring?

The new hires bring extensive experience: Tony Perez has nearly 30 years, Michael Chatman has over 25 years, and Bill Dolan has almost 40 years of industry experience.

How will these new hires impact Oppenheimer's (OPY) Fixed Income Division?

The hires will enhance Oppenheimer's capabilities in emerging markets sales, trading, and research solutions, while bringing long-term relationships and deep understanding of the asset class.

What is the strategic significance of OPY's Emerging Markets Desk expansion?

The expansion demonstrates Oppenheimer's commitment to enhancing its sales relationships, trading capabilities, and research product in emerging markets, building on the growth momentum of its Fixed Income team.