OPPENHEIMER & CO. INC. APPOINTS GILBERT DYCHIAO AS CO-HEAD OF INVESTMENT BANKING
Rhea-AI Summary
Oppenheimer & Co (NYSE: OPY) has announced the appointment of Gilbert Dychiao as Co-Head of Investment Banking, effective immediately. Dychiao, currently Managing Director and Head of the Financial Institutions Group, will share leadership responsibilities with Robert Lowenthal, who has been appointed as CEO effective May 5, 2025.
Dychiao brings 25 years of investment banking experience and has been with Oppenheimer since 2018. Under his leadership, he has driven total transaction value exceeding $6 billion in industry transactions. In 2024, he led a team of 29 colleagues across the US and UK, achieving record revenue for the Financial Institutions Group.
In his expanded role, Dychiao will oversee several investment banking industry verticals and product groups, while continuing to lead the Financial Institutions Group globally. This appointment is part of Oppenheimer's succession planning strategy to ensure smooth transition for clients, bankers, and staff.
Positive
- Appointment of experienced executive with 25 years of investment banking expertise
- Demonstrated success with $6 billion in transaction value since 2018
- Record revenue generation in Financial Institutions Group in 2024
- Strategic succession planning implementation for leadership continuity
Negative
- None.
News Market Reaction – OPY
On the day this news was published, OPY declined 5.14%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
In this role, Dychiao will expand his managerial scope to include oversight of several investment banking industry verticals and product groups across the department. Dychiao will lead the division alongside Oppenheimer's President, Robert (Rob) Lowenthal, who has recently been appointed CEO of the firm, effective May 5, 2025. Dychiao and Lowenthal will be Investment Banking Co-Heads, effective immediately.
"Gilbert is a highly accomplished banker and a trusted advisor to wealth managers, asset managers, and financial institutions," said Rob Lowenthal. "He is truly a banker's banker, with a deep well of experience spanning debt capital markets, equity capital markets, M&A and restructuring, cross-border transactions, as well as a global coverage of both strategic and financial investors. His keen instincts and strategic advisory skills have helped numerous companies successfully access the markets and navigate complex transactions with confidence. His leadership, expertise, and deep understanding of our firm's strategy make him an outstanding fit for this role, and we are confident that his appointment will be a tremendous asset to our clients, both our seasoned and next generation of talent, and the entire Oppenheimer team."
With 25 years of investment banking experience, Dychiao has been a key member of Oppenheimer's Investment Banking management team since joining in early 2018. He founded and grew the firm's Financial Institutions Group and has successfully completed transactions alongside many of the other Industry and Product Groups. Since joining, Dychiao has helped to drive total transaction value of more than
In his new position, Dychiao will spearhead the firm's deal execution strategy, ensuring a robust and effective approach. Together with Mr. Lowenthal, they will oversee all aspects of investment banking operations and help guide strategy across all of Oppenheimer's industry and product groups. This move is part of the firm's ongoing efforts to put in place a succession plan that enables a smooth transition for its clients, bankers, and staff.
"It's a privilege to take on this role at one of Wall Street's most dynamic investment banks," Dychiao added. "I'm excited to contribute to Oppenheimer's ongoing commitment to delivering insightful and strategic guidance as well as top-tier execution for our clients, while also fostering an exceptional workplace for our employees. Collaborating with Rob, a highly respected leader, makes this opportunity even more rewarding."
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.
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SOURCE Oppenheimer & Co. Inc.
FAQ
What is Gilbert Dychiao's new role at Oppenheimer (NYSE: OPY)?
How much transaction value has Dychiao driven at OPY since joining in 2018?
What was Dychiao's performance as Head of Financial Institutions Group at OPY in 2024?
When will Robert Lowenthal assume the CEO position at Oppenheimer (OPY)?
