Oppenheimer Expands Custody and Prime Services (CAPS) Platform to Meet Growing Demand from Emerging Managers
Oppenheimer (NYSE: OPY) has announced a significant expansion of its Custody and Prime Services (CAPS) platform to better serve small and mid-sized hedge funds, investment managers, and family offices. The expansion integrates the firm's Fixed Income custody business, transforming CAPS into a comprehensive multi-asset platform supporting global fixed income, equities, and listed options.
Originally launched in 2022, CAPS leverages Oppenheimer's self-clearing and custody infrastructure to provide high-touch services aligned with the firm's core strengths in research, capital markets access, and execution services. The company has also strengthened its team by adding senior talent in client services and expanding internal staff dedicated to CAPS business development.
Oppenheimer (NYSE: OPY) ha annunciato una notevole espansione della sua piattaforma Custody and Prime Services (CAPS) per servire meglio hedge fund di piccola e media dimensione, gestori di investimenti e family office. L'espansione integra l'attività di custodia delle obbligazioni a reddito fisso, trasformando CAPS in una piattaforma multi-asset completa che supporta reddito fisso globale, azioni e opzioni quotate.
Lanciato originariamente nel 2022, CAPS sfrutta l'infrastruttura di auto-clearing e custodia di Oppenheimer per offrire servizi ad alto livello, in linea con i punti di forza dell'azienda in ricerca, accesso ai mercati dei capitali e servizi di esecuzione. L'azienda ha inoltre rafforzato il team assumendo talenti senior nel servizio clienti e ampliando lo staff interno dedicato allo sviluppo del business CAPS.
Oppenheimer (NYSE: OPY) ha anunciado una importante expansión de su plataforma de Custodia y Servicios Prime (CAPS) para atender mejor a fondos de cobertura pequeños y medianos, gestores de inversiones y oficinas familiares. La expansión integra el negocio de custodia de renta fija, transformando CAPS en una plataforma multiactivo integral que admite renta fija global, acciones y opciones cotizadas.
Originalmente lanzada en 2022, CAPS aprovecha la infraestructura de autoguardado y liquidación de la firma para ofrecer servicios de alto contacto alineados con las fortalezas centrales de la empresa en investigación, acceso a mercados de capital y servicios de ejecución. La empresa también ha fortalecido su equipo al incorporar talento senior en atención al cliente y ampliar el personal interno dedicado al desarrollo comercial de CAPS.
Oppenheimer (NYSE: OPY)는 중소형 헤지펀드, 투자관리자 및 가족 사무실의 서비스를 개선하기 위해 Custody and Prime Services(CAPS) 플랫폼을 크게 확장했다고 발표했다. 확장은 회사의 고정수입(Fixed Income) 보관 업무를 통합하여 CAPS를 포괄적 다자산 플랫폼으로 변모시켜 글로벌 채권, 주식 및 상장 옵션을 지원한다.
2022년 처음 출시된 CAPS는 Oppenheimer의 자가 청산 및 보관 인프라를 활용하여 연구, 자본시장 접근 및 실행 서비스에서 회사의 핵심 강점에 맞춘 하이-터치 서비스를 제공한다. 또한 고객 서비스 분야의 선임 인재를 영입하고 CAPS 비즈니스 개발에 전념하는 내부 인력을 확대하여 팀을 강화했다.
Oppenheimer (NYSE: OPY) a annoncé une expansion significative de sa plateforme Custody and Prime Services (CAPS) pour mieux servir les fonds spéculatifs de petite et moyenne taille, les gestionnaires d'investissements et les family offices. L'expansion intègre l'activité de garde sur les titres à revenu fixe, transformant CAPS en une plateforme multi-actifs complète qui prend en charge les revenus fixes mondiaux, les actions et les options cotées.
Initialement lancée en 2022, CAPS s'appuie sur l'infrastructure de clearing et de garde de l'entreprise pour offrir des services de haute proximité alignés sur les forces centrales de la société en matière de recherche, d'accès aux marchés de capitaux et de services d'exécution. L'entreprise a également renforcé son équipe en recrutant des talents seniors dans le service client et en élargissant le personnel interne dédié au développement commercial de CAPS.
Oppenheimer (NYSE: OPY) hat eine bedeutende Erweiterung seiner Custody and Prime Services (CAPS)-Plattform angekündigt, um kleine und mittlere Hedgefonds, Vermögensverwalter und Family Offices besser zu bedienen. Die Erweiterung integriert das firmeneigene Fixed-Income-Custody-Geschäft und verwandelt CAPS in eine umfassende Multi-Asset-Plattform, die global Fixed Income, Aktien und gelistete Optionen unterstützt.
Ursprünglich im Jahr 2022 eingeführt nutzt CAPS die firmeneigene Selbstabwicklung und Verwahrinfrastruktur, um High-Touch-Dienstleistungen anzubieten, die sich an den Stärken des Unternehmens in Forschung, Zugang zu Kapitalmärkten und Ausführung orientieren. Das Unternehmen hat außerdem sein Team gestärkt, indem es Senior-Talente im Kundenservice eingestellt und internes Personal für CAPS-Geschäftsentwicklung erweitert hat.
أوبنهايمر (NYSE: OPY) أعلنت عن توسيع كبير في منصة الحفظ والخدمات الأولية (CAPS) لخدمة صناديق التحوط الصغيرة والمتوسطة، والمديرين الاستثماريين والمكاتب العائلية بشكل أفضل. يدمج التوسع نشاط حفظ الدخل الثابت لدى الشركة، محولاً CAPS إلى منصة متعددة الأصول شاملة تدعم الدخل الثابت العالمي، والأسهم، والخيارات المدرجة.
تم إطلاق CAPS في الأصل في 2022، وتستخدم بنية الشركة الخاصة بالتسوية والحفظ لتقديم خدمات عالية التماس تتماشى مع نقاط قوة الشركة في البحث، والوصول إلى أسواق رأس المال وخدمات التنفيذ. كما عززت الشركة فريقها من خلال إضافة مواهب رفيعة المستوى في خدمة العملاء وتوسيع العمالة الداخلية المكرسة لتطوير أعمال CAPS.
Oppenheimer (NYSE: OPY)宣布显著扩展其 Custody and Prime Services（CAPS）平台，以更好地服务于小型和中型对冲基金、投资管理人及家族办公室。此次扩展将公司的固定收益保管业务整合进来，使 CAPS 成为一个 全面的多资产平台，支持全球固定收益、股票和挂牌期权。
该平台于 2022 年首次推出，CAPS 利用 Oppenheimer 的自清算与保管基础设施，提供高接触式服务，与公司在研究、资本市场准入和执行服务方面的核心优势保持一致。公司还通过引入客户服务领域的高级人才、扩大内部专门从事 CAPS 业务发展的员工队伍来加强团队。
- Integration of Fixed Income custody business creates comprehensive multi-asset platform
- Strategic expansion to capture growing demand from emerging managers
- Addition of senior talent and expanded internal staff for business development
- Platform enhancement leverages existing infrastructure and core strengths
- None.
Insights
Oppenheimer's CAPS platform expansion strengthens its competitive position in the lucrative emerging manager segment, diversifying revenue streams.
Oppenheimer's strategic expansion of its Custody and Prime Services (CAPS) platform represents a significant business development that positions the firm to capture greater market share in the growing segment of small to mid-sized hedge funds and family offices. By integrating its Fixed Income custody business, Oppenheimer has transformed CAPS into a comprehensive multi-asset platform supporting global fixed income, equities, and listed options.
This expansion addresses a crucial market gap. Following the industry consolidation after the 2008 financial crisis, many large prime brokers shifted focus to larger clients with higher revenue potential, creating an underserved segment of emerging managers and family offices. By targeting this niche with high-touch, relationship-driven services, Oppenheimer is pursuing a differentiated competitive strategy that leverages its existing infrastructure and core competencies in research, execution, and capital markets access.
The timing appears strategic. Family offices have experienced substantial growth, with wealth transfers accelerating and more investment professionals launching boutique firms. These smaller entities require custody services but often lack the scale to receive adequate attention from bulge-bracket providers. Oppenheimer's expanded platform creates a potential recurring revenue stream through custody fees while opening cross-selling opportunities for their broader service offerings.
The addition of senior talent and expanded internal staff dedicated to CAPS signals Oppenheimer's commitment to scaling this business line. This investment in human capital suggests management sees significant growth potential in this segment and is positioning for increased client acquisition. The integration with Fixed Income custody also creates operational efficiencies that could improve margins as the business scales.
Firm strengthens multi-asset infrastructure and adds senior talent as part of next phase of strategic growth
As part of this expansion, the firm has integrated its Fixed Income custody business, positioning CAPS as a fully multi-asset platform supporting global fixed income, equities, and listed options. This growth underscores accelerating demand from emerging managers and reflects Oppenheimer's commitment to providing transparent, customizable, and relationship-led solutions.
Launched in 2022, CAPS was created to strategically leverage Oppenheimer's self-clearing and custody infrastructure, providing a high-touch, service-oriented offering that aligns with the firm's core strengths: fundamental research, capital markets access, and execution services. Intentionally focused and risk-conscious, the platform is designed for clients seeking high-touch custody and execution support.
"The growth and integration of CAPS marks a major milestone in our effort to build a truly comprehensive, multi-asset custody and execution platform," said Dan Weingarten, Managing Director and Head of Custody and Prime Services. "After years of deliberate internal investment and close collaboration with early clients, we're now entering an exciting phase of growth. We're particularly focused on deepening relationships with family offices -- providing the flexibility, transparency, and bespoke solutions they need to manage risk and preserve capital across generations."
With the foundational build-out complete, Oppenheimer has added senior talent in client services and expanded internal staff dedicated to the business to lead client acquisition and business development efforts within CAPS.
"The CAPS platform is a key part of our long-term institutional strategy," said John Hellier, Senior Managing Director and Head of Equities at Oppenheimer. "As the custody and prime services landscape evolves, we're committed to supporting our clients' needs with thoughtful, scalable solutions that reflect our institutional strengths and long-standing focus on relationships."
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.
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