Oppenheimer Europe Ltd. Hires London Based Technology and Telecoms Investment Banking Team

  Oppenheimer Europe Ltd. Hires London Based Technology and Telecoms
  Investment Banking Team

Business Wire

LONDON -- September 3, 2013

Oppenheimer Europe, a unit of Oppenheimer Holdings (NYSE:OPY), is pleased to
announce that Xavier Moreels and Nigel Daly have joined the firm to establish
a European Technology and Telecoms Investment Banking franchise. Together they
bring over 35 years of relevant sector experience.

“With their network of relationships and long track record of successfully
advising clients across the Technology and Telecommunications landscape,
Xavier and Nigel bring an unparalleled level of expertise to our Firm, having
advised both large public companies on the buy side and many smaller high
growth companies on their sale to strategic and financial buyers,” commented
Max Lami, CEO Oppenheimer Europe Ltd.

“A first class European Technology and Telecom banking vertical complements
our strong global telecom and tech franchise, allowing Oppenheimer to offer
comprehensive solutions to their client base,” added Marc Thompson, Head of
Technology Investment Banking and Co-Head of Investment Banking at
Oppenheimer.

Xavier Moreels joined asManaging Director, European Head of Technology and
Telecoms, Investment Banking. Xavier started his banking career at Deutsche
Bank in 1996 and joined the London based TMT Investment Banking team of ING
Barings in 1999. Most recently at ING he acted as Global TMT Sector Head, was
Chairman of the ING Technology Advisory Board and Chairman of the Global
Corporate Finance Valuation Committee. During his career at ING, he also
served as Head of Corporate Clients for Continental Western Europe. He has
developed a unique set of corporate clients globally, including acting for
Telenor, KPN, Belgacom, TomTom, Logica, Polkomtel, Tieto, UNIT4, Hexagon,
Exact, Apax and CVC. Xavier will report to Max Lami, CEO of Oppenheimer Europe
and Marc Thompson and Bruce McCarthy, Global Co-Heads of Investment Banking.

Nigel Daly joined as Executive Director, Technology and Telecoms, Investment
Banking. Nigel graduated in Law at Oxford and he qualified as a solicitor in
1987 and worked in London for Slaughter and May until 1995. He then joined BNP
Paribas where for 5 years he worked in corporate finance and equity capital
markets.He joined ING Barings in 2000, where he served as the Director in
charge of the TMT transaction team. Nigel joined Piper Jaffray in 2006 as a
Director in their European technology investment banking team, leaving to set
up his own advisory boutique in 2009. Nigel brings over 25 years of legal,
equity capital market and investment banking experience in TMT. Nigel will
report to Xavier.

Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer
Holdings Inc. (OPY on the New York Stock Exchange), provides 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. For more information about Oppenheimer, please
visit our website at www.opco.com.

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 Holdings
Brian Maddox, 212-850-5661