OPPENHEIMER EXPANDS GLOBAL CREDIT TEAM

Rhea-AI Summary

Oppenheimer (NYSE: OPY) has significantly expanded its High Yield and Distressed Credit business with the addition of six senior professionals to its London office. The team, joining from Stifel, includes leadership positions in trading, sales, research, and business management.

The new London group will collaborate with Oppenheimer's existing high-yield teams in the U.S. and Hong Kong, creating a global credit platform focused on delivering cross-border coverage. This strategic expansion enhances the firm's ability to provide institutional clients with worldwide access to high-yield and distressed credit opportunities.

Positive

• Strategic expansion of global credit capabilities with six senior hires
• Enhanced cross-border coverage and collaboration across U.S., Europe, and Asia
• Strengthened European market presence in high-yield and distressed credit

Negative

• None.

News Market Reaction

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+0.83% News Effect

On the day this news was published, OPY gained 0.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

New European team enhances global client coverage and collaboration, with a focus on global high yield and distressed assets

LONDON, Sept. 17, 2025 /PRNewswire/ -- Oppenheimer Europe Limited (Oppenheimer) – a subsidiary of Oppenheimer Holdings, a leading investment bank and wealth manager (NYSE: OPY) – announced today the addition of six senior London-based professionals to its High Yield and Distressed Credit business. The group, which joins from Stifel, will play a central role in strengthening Oppenheimer's European presence and expanding the firm's ability to deliver cross-border coverage to its clients across the world.

The new team members include:

• Mike Paget, Managing Director & Head of High Yield and Distressed Sales and Trading
• Michael Levy, Managing Director & Head of High Yield and Distressed Trading
• Marc Magliana, Managing Director & Head of High Yield and Distressed Sales
• Matthew Smith, Managing Director, Loans and Distressed Trading
• Nicolas Bourguignon, Managing Director, Head of High Yield and Distressed Research,
• Andrew de Almeida, Executive Director, Business Manager, High Yield and Distressed Fixed income

"We are delighted to welcome the team to Oppenheimer," said Max Lami, CEO of Oppenheimer Europe. "Their expertise and track record in distressed debt trading, research and execution will be instrumental as we expand in Europe and enhance our ability to serve clients globally. Their arrival firmly embeds Europe within Oppenheimer's High Yield, Distressed and Credit businesses, ensuring that institutional clients benefit from thought leadership and execution on a global scale."

The London group will work closely with Oppenheimer's established high-yield teams in the U.S., led by Jay McDermott, Eric Friel, and John Mori, and in Hong Kong, led by Cliff Huang. Together, these groups will connect expertise across the U.S., Europe and Asia to deliver seamless access to high-yield and distressed credit opportunities worldwide.

"These hires mark a significant milestone in the global build-out of our credit franchise," said Peter Albano, Global Head of Fixed Income at Oppenheimer. "By linking talent across continents, we are creating a collaborative platform designed to deliver market-leading insights, liquidity and execution. These appointments reflect Oppenheimer's continued investment in its global fixed income platform and its commitment to providing high-quality research, superior execution, and innovative credit solutions to clients worldwide."

Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), provides 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.

Oppenheimer Europe Limited
Oppenheimer Europe Limited (Oppenheimer), a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), delivers financial services to EMEA-based institutions and corporations across corporate finance, equities, fixed income, debt capital markets and portfolio strategy research.

Oppenheimer Investments Asia Limited 
Oppenheimer Investments Asia Limited (Oppenheimer), a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), delivers financial services to APAC-based institutions across equities and fixed income.

Media Contact:
Michael Dugan
Haven Tower Group LLC
424 317 4852
mdugan@haventower.com

View original content:https://www.prnewswire.com/news-releases/oppenheimer-expands-global-credit-team-302558637.html

SOURCE Oppenheimer & Co. Inc.

FAQ

Who are the key executives joining Oppenheimer's London credit team in 2025?

The key hires include Mike Paget as MD & Head of High Yield and Distressed Sales and Trading, Michael Levy as MD & Head of High Yield and Distressed Trading, and Nicolas Bourguignon as MD, Head of High Yield and Distressed Research, among others.

How will the new hires impact Oppenheimer's (NYSE: OPY) global operations?

The new team will strengthen Oppenheimer's European presence and enhance global client coverage by creating a collaborative platform connecting expertise across the U.S., Europe, and Asia for high-yield and distressed credit opportunities.

What is the strategic significance of Oppenheimer's credit team expansion?

The expansion represents a significant milestone in building out Oppenheimer's global credit franchise, enhancing its ability to deliver market-leading insights, liquidity, and execution services to institutional clients worldwide.

Where did Oppenheimer's new London credit team members previously work?

All six senior professionals joining Oppenheimer's London office previously worked at Stifel.