Oppenheimer Holdings Inc. reports developments tied to its wealth management, securities brokerage, investment banking, and capital markets businesses conducted through Oppenheimer & Co. Inc. and related entities. Recurring updates include quarterly earnings, advisory and underwriting activity, sales and trading conditions, private client division changes, and asset management-related measures within the Wealth Management segment.
Company news also covers additions to investment banking and public finance capabilities, including equity capital markets, debt private placements, municipal underwriting and trading, and sector-focused advisory coverage. Governance, capital actions, and legal or compensation items that affect reported results may also appear in company disclosures.
Oppenheimer & Co. Inc. announced the successful conclusion of its virtual Fall Healthcare Life Sciences & MedTech Summit held from September 21-23, 2020. The event attracted over 120 leading companies in the life sciences and MedTech sectors, facilitating discussions on critical trends and investment opportunities. Keynote speakers included former government officials and healthcare experts who provided insights on current health issues. Future events include a MedTech Summit scheduled for November 12, 2020.
On September 21, 2020, Oppenheimer & Co. announces the addition of seven senior professionals to strengthen its Global Fixed Income group. This includes five new Managing Directors and two Executive Directors across various fixed income sectors. Peter Albano, Senior Managing Director, emphasized the importance of exceptional talent in navigating the current market challenges. This hiring strategy aims to enhance capabilities and seize growth opportunities, demonstrating Oppenheimer's commitment to adapting to global disruptions while maintaining a robust recruitment pipeline.
Oppenheimer Holdings Inc. (OPY) has priced $125 million of 5.50% senior secured notes due 2025, set to close on September 22, 2020, subject to customary conditions. The Notes are guaranteed by its subsidiaries and secured by a first-priority interest in nearly all of OPY's and the guarantors' assets. The proceeds will be used to redeem the 6.75% Senior Secured Notes due July 1, 2022, along with associated fees. The offering is exempt from registration under the Securities Act, and the Notes will only be offered to qualified institutional buyers in the U.S. and outside the U.S. under exemptions.
Oppenheimer & Co. Inc. (NYSE: OPY) announced a strategic alliance with InvestCloud to enhance its digital experience platform for financial advisors and clients. This partnership aims to create a new web-based portal for Oppenheimer's Private Client Division, set to launch in H1 2021. The platform will integrate with Oppenheimer's existing technology and provide robust tools for client engagement.
Key benefits include improved client onboarding, business growth, and process efficiency, while leveraging InvestCloud's Prospect Portal and Digital Client Onboarding solutions.
Oppenheimer Holdings Inc. (OPY) plans to issue $125 million in senior secured notes due 2025 in a private offering exempt from Securities Act registration. The notes will be secured by a first-priority interest in the company's and its subsidiaries' assets. Proceeds will be used to redeem existing 6.75% Senior Secured Notes due July 1, 2022, along with related fees. The offering is contingent upon market conditions. The press release highlights that the notes won't be registered and will only be available to qualified institutional buyers.
On August 31, 2020, Oppenheimer & Co. Inc. announced the launch of its 'Let's Talk Future' Podcast Series, featuring expert discussions on investment banking, wealth management, and current market conditions. Joan Khoury emphasized the need for in-depth analysis to help investors navigate evolving markets. The podcasts cover subjects such as economic trends, technology’s impact on supply chains, and consumer behavior amid COVID-19. Available on multiple platforms, the series aims to broaden Oppenheimer's thought leadership and enhance client communications.
Oppenheimer & Co. Inc. announced the addition of new first-year investment banking analysts as part of its renowned Investment Banking Analyst Program. This initiative, over 30 years in the making, emphasizes mentoring and hands-on experience, aiming to shape future leaders in the financial sector. The new analysts, recruited from prestigious universities with diverse backgrounds, will work across Oppenheimer's offices in New York City, Boston, Baltimore, and San Francisco. This move reflects Oppenheimer's commitment to attracting top-tier talent.
Oppenheimer & Co. Inc. has promoted Doron Barness to Senior Managing Director, effective immediately. This promotion recognizes his leadership as Global Head of Cash Equities Trading and Distribution, a role he will continue while reporting to John Hellier, Senior Managing Director and Head of Equities. Barness oversees a team of approximately 75 staff globally, enhancing service delivery to institutional clients. Oppenheimer provides a broad range of wealth management, brokerage, and investment banking services, positioning itself as a key player in the financial services industry.
Oppenheimer & Co. Inc. successfully concluded its 23rd Annual Technology, Internet & Communications Conference on August 11-12, 2020. The virtual event highlighted Oppenheimer's leadership in the technology sector, featuring over 145 leading companies and more than 500 institutional investors. Notable attendees included major names like AT&T, Verizon, and Intel. With over 60 insightful discussions, Oppenheimer showcased its role in facilitating critical conversations around technology's impact during the ongoing health crisis, emphasizing digital transformation acceleration across industries.
Oppenheimer & Co. Inc. has announced significant appointments within its Financial Institutions Group to enhance its investment banking operations. Joseph Lovell joins as Managing Director and Head of Asset Management, while Philippe Jacquemard takes the role of Managing Director and Head of European Insurance. With over 40 years of combined experience in mergers and acquisitions (M&A) and capital raising, their expertise is expected to drive growth. This move is part of Oppenheimer's broader strategy to strengthen its leadership in key financial sectors, particularly in Europe.