Oppenheimer Makes Key International Hires in Emerging Markets Fixed Income Sales and Trading

  Oppenheimer Makes Key International Hires in Emerging Markets Fixed Income
  Sales and Trading

Business Wire

NEW YORK -- June 4, 2013

Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings (NYSE: OPY), is pleased
to announce the continued expansion of its Global Emerging Markets (EM) Fixed
Income business. The Firm has hired three new Managing Directors on its New
York Sales Desk, including Michael Bellero, Alex Gutierrez and Ken Lockyer.
They will report to Peter Albano, Managing Director – Taxable Fixed Income
Sales, and Greg Fisher, Managing Director - Institutional Emerging Markets
Sales. “As other companies exit the Emerging Markets business or reduce their
commitment to it, we are expanding our franchise,” said Greg Fisher.

Cliff Huang joined the Firm in Hong Kong as Managing Director – Head of Fixed
Income Sales and Trading in Asia. In addition, the firm hired John Coates in
London as Head of Emerging Markets Trading for EMEA Sovereign and Corporate
Bonds.

Each of these new Managing Directors has enjoyed distinguished careers in
Emerging Markets Fixed Income institutional sales and trading. In addition,
all of them have previously worked with senior Oppenheimer fixed income
employees.

“We are excited to reunite senior professionals that have been successful
working together in the past,” said Peter Albano, who joined Oppenheimer
earlier this year.

Michael Bellero has focused exclusively on Emerging Markets sales for over 25
years. At Jefferies he expanded distribution with some of Jefferies’ largest
EM Fixed Income institutional customers. He served as a senior institutional
salesperson at Bear Stearns for six years and was a founding member of ABN
AMRO’s EM Fixed Income group.

Alex Gutierrez has 25 years of Global High Yield and Emerging Markets
experience. Before joining Oppenheimer, he headed Institutional Fixed Income
at Atlas One, and most recently held a senior sales role at Knight. Alex has
focused on Latin American and U.S. institutional sales for the majority of his
career, and was responsible for Latin American distribution at Bear Stearns,
where he worked for 14 years.

Ken Lockyer joins Oppenheimer from Jefferies where he was a Managing Director
in its Emerging Markets sales team. With over 28 years of global fixed income
markets experience, Ken has particular expertise in Global High Yield and
Emerging Markets credit products. Ken worked at Bear Stearns for 17 years and
was a founding member of its EM Fixed Income Desk.

Cliff Huang was most recently at Knight Capital Asia Limited, where he was
responsible for establishing the Hong Kong office in 2004 and overseeing their
fixed income business. Prior to that, Cliff worked for Citicorp, HSBC and
Bankers Trust, always in the High Yield and Emerging Markets Fixed Income
business.

John Coates has over 20 years of global fixed income trading experience, with
all forms of corporate and sovereign debt instruments. Before joining
Oppenheimer, John was Director of European Corporate Debt Trading at Mizuho,
and held senior trading positions at Landsbanki and Mitsubishi.

“Oppenheimer has assembled an outstanding group of fixed income professionals
to represent our Global Emerging Markets sales and trading business. We are
well positioned to service the needs of our most sophisticated institutional
Emerging Markets clients,” said Robert S. Lowenthal, Senior Managing Director
– Head of Global Fixed Income.

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:

for Oppenheimer & Co. Inc.
Peter Albano, 212-667-7906
Gregory A. Fisher, 404-262-5360