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Oppenheimer Holdings Inc. (OPY) delivers essential financial services through its wealth management and capital markets expertise. This news hub provides investors and professionals with timely updates on strategic developments, regulatory changes, and market positioning for this global financial institution.
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Bookmark this page for efficient monitoring of OPY's market activities. Combine these real-time updates with historical context to inform your analysis of this full-service financial firm's performance and industry impact.
Oppenheimer & Co. Inc. announces the recruitment of Laura Kellerman as Regional Director for its Long Island offices, which include the Jericho, Hauppauge, Melville, and West Hampton branches. Kellerman brings over 30 years of experience, having previously worked at Morgan Stanley for 16 years. She will work with retiring industry veteran Albert Kirchner to ensure a smooth transition. The Long Island region manages approximately $2.4 billion in assets and is recognized for its financial services. Oppenheimer aims for continued growth in this strategic market, emphasizing its commitment to attract top financial talent.
On April 17, 2023, Oppenheimer & Co. Inc. announced the hiring of Michael Cella as the U.S. Head of Consumer Investment Banking. Based in San Francisco, Cella brings nearly 20 years of experience in banking, previously working at Cowen, Wells Fargo, and KeyBanc Capital Markets. His expertise in advising growth-oriented consumer companies positions him to lead Oppenheimer's Consumer group in navigating new opportunities. Rita Keskinyan, who held the role for six years, will now focus on the food and beverage sector. Cella expressed enthusiasm about leading the team and supporting clients in the evolving consumer landscape.
Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings (NYSE: OPY), has expanded its Miami presence by opening a new office in Coral Gables. This strategic move aims to enhance the firm's ability to serve both domestic and international clients in a rapidly growing financial hub. The new facility can accommodate over 30 financial advisors, providing necessary capacity for future growth. It replaces Oppenheimer's previous Coconut Grove location. The firm's investment solutions and expertise in capital markets are highlighted, demonstrating significant asset management growth since February 2020, outperforming the S&P 500 by over 50%.
Oppenheimer & Co. has successfully closed a Series C funding round for UK-based Perspectum, raising a total of $55 million. Oppenheimer invested $27 million through its Private Market Opportunities initiative, facilitating investment in emerging growth companies. This marks the fifth deal since 2017 under the initiative, which has raised approximately $250 million overall. The funds will support Perspectum's mission to innovate non-invasive imaging technologies for better patient care. The partnership reflects Oppenheimer's commitment to investing in healthcare advancements that could significantly improve the diagnostic journey for patients.
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