Oppenheimer’s Investment Banking Division Continues Its Growth – Announces Addition of Senior Hires in Investment Banking

  Oppenheimer’s Investment Banking Division Continues Its Growth – Announces
  Addition of Senior Hires in Investment Banking

Business Wire

NEW YORK -- May 20, 2013

Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings (NYSE:OPY), is pleased
to announce the addition of several senior hires, including two recent
additions in the Investment Banking Division: David Brown and Robert Cramer.

David Brown joins the Firm as Managing Director – Head of Capital Markets
Origination. David was previously at Barclays where he served as Managing
Director, Investment Banking – Global Finance. At Barclays, David was
responsible for advising clients on capital raising, refinancing, capital
structure and capital deployment decisions.Prior to Barclays, David spent 11
years at Lehman Brothers, where he worked in both corporate finance and equity
capital markets.At Oppenheimer, David will collaborate closely with senior
industry bankers, the Equity Capital Markets team, as well as with the Firm’s
Debt Capital Markets specialists on capital markets origination. David will be
based at Oppenheimer’s headquarters in New York.

Also joining the Investment Banking Division is Robert Cramer, who will serve
as Managing Director – Specialty Finance. Robert has over 20 years of
experience in the specialty finance sector, and comes to Oppenheimer from RBC
Capital Markets where he was a Managing Director in the Financial Services
Group for the last 12 years. At RBC Capital Markets, Robert formed and managed
a national specialty finance vertical with broad equity capital markets
capabilities including IPOs, follow-ons, convertibles and preferreds, as well
as mergers and acquisitions and advisory services. Robert will be based at
Oppenheimer’s investment banking office in Boston.

David and Robert will report to Bruce McCarthy and Marc Thompson, Managing
Directors – Co-Heads of Investment Banking. “We are pleased to recruit such
high quality professionals to our firm. Both of these individuals are proven
leaders who are well positioned to deliver a full suite of banking products
and services to Oppenheimer’s middle market clients,” noted Bruce McCarthy.

These recent additions represent Oppenheimer’s continued commitment to growing
its Investment Banking Division. “We believe this is an opportune time to add
highly productive and entrepreneurial senior bankers that can leverage our
Firm’s capabilities and who will fit well within our platform,” noted Marc
Thompson. In recent months, Oppenheimer has also added several other senior
bankers including Conrad Vlak in Real Estate, Roderick Moon in
Internet/Digital Media and Arun Master in Healthcare.

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.

Certain statements in this release may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements involve a number of risks, uncertainties and other factors
that could cause actual results to differ materially, as discussed in the
Company’s filings with the Securities and Exchange Commission.

Contact:

Oppenheimer & Co. Inc.
Bruce McCarthy, 212-667-5564
or
Marc Thompson, 617-556-3717