Program Trading Team and Senior Sales
Trader Join the Cash Equity Desk, Led by Senior Managing Director
Doron Barness
Greater Program Trading Capabilities
Complements Expansion of Core Institutional
Relationships
NEW
YORK, Oct. 2, 2023 /PRNewswire/
-- Oppenheimer & Co. Inc. (Oppenheimer) — a
leading investment bank, wealth manager, and a subsidiary of
Oppenheimer Holdings (NYSE: OPY) — announced today the
expansion of its Cash Equity Sales & Trading desk with three
strategic recruitments, including the addition of a Program Trading
team to the firm's existing Agency desk.
The Program Trading team comes from Credit Suisse and is led by
Managing Director Christopher
Johnson, who is joined by Executive Director Matthew H. Friedman. They will report to
Doron Barness, Senior Managing
Director, Global Head of Cash Equity Distribution.
These moves follow the addition in June of Executive Director
Scott Riskin. He joined the Cash
Equity Trading desk, where he is focused on high-profile buy-side
client accounts.
"The expansion of our existing capabilities provides additional
options to clients seeking liquidity and a high level of service
and further demonstrates our commitment to serving institutional
clients that have complex and varied equity execution
needs," Barness said. "Chris and Matt bring a wealth of
experience and an exceptional understanding of Oppenheimer's
business, along with unique client relationships and technical
skill sets, while Scott has added to the depth and breadth of our
senior client relationships on the Cash Equity Trading desk."
Johnson is a longtime industry veteran with more than 25 years
of Program Trading experience. Before Credit Suisse, he spent 10
years building the Program Trading desk at Wells Fargo. He also
spent two years at Weeden & Co. and was with Bank of America,
Merrill Lynch for a decade.
Before teaming with Johnson at Credit Suisse, Friedman worked
for three years at abrdn (formerly Aberdeen Standard Investments),
helping to manage and grow its 40 Act ETF fund
capabilities.
Meanwhile, Riskin has more than 30 years of financial services
experience. Most recently, he spent 10 years at Morgan Stanley
after 13 years at Goldman Sachs. Riskin began his career with
Sanford Bernstein, eventually
becoming Head Trader in 1997.
"These additions enhance our Equity platform and broaden the
spectrum of services we can offer to our institutional investor
clients," said John Hellier, Senior
Managing Director, Head of Equities for Oppenheimer. "Under Doron's
talented leadership, Oppenheimer has gained a significant place in
the market over the last few years, due to our consistency,
professionalism, and the scope of our products and the caliber of
our capabilities. I have no doubt that the additions of Scott,
Chris and Matt will enable us to build on that ongoing
momentum."
Johnson concluded, "We are excited to join Oppenheimer and to
contribute both to the success of the institutional equity client
franchise, as well as to the broader achievements of the firm. The
combination of the team's continued growth, our relationships and
keen interest in collaborating toward shared goals, make
Oppenheimer the right firm, at the right time, for the right
reasons."
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.
Media Contact:
Joseph
Kuo / Michael Dugan
Haven Tower Group LLC
424 317 4851 or 424 317 4852
jkuo@haventower.com or mdugan@haventower.com
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SOURCE Oppenheimer & Co. Inc.