Beth Wolchock and David Frank Join Oppenheimer as Managing Directors in the Municipal Trading Department

 Beth Wolchock and David Frank Join Oppenheimer as Managing Directors in the
                         Municipal Trading Department

PR Newswire

NEW YORK, Jan. 6, 2014

NEW YORK, Jan. 6, 2014 /PRNewswire/ --Oppenheimer & Co. Inc., a unit of
Oppenheimer Holdings (NYSE: OPY), is pleased to announce that Beth Wolchock
and David Frank have joined the firm. Both will be based in Oppenheimer's
Stamford, CT office. Beth will be Managing Director – Head of Municipal
Underwriting, while David will be Managing Director – Underwriting and

"Oppenheimer has a well established business in the municipal bond market and
public finance. David and I are pleased to join the Firm and build upon its
strong capabilities and experience," said Beth Wolchock.

Beth is a proven business leader, having senior managed billions of dollars in
municipal bonds throughout her career. Beth has introduced many issuers to the
market and developed new products for municipal bond investors. Previously,
she worked at Castle Oak, Jackson Securities and Greenwich Partners. Prior to
those firms, she headed the Municipal Underwriting department at Dean Witter.

David Frank is an institutional trader responsible for trading secondary
market bonds and new issue takedowns. Previously he worked at Castle Oak
Securities, Jackson Securities, Greenwich Partners, and was a founding partner
of Belle Haven investments. Prior to that, David managed the municipal bond
department at Chemical Bank. He and Beth have been a team for nearly 14 years
and have traded general market municipal securities ranging from short term
paper to 30 year maturities across the country.

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.

SOURCE Oppenheimer & Co. Inc.

Contact: Stefan Prelog, WalekPeppercomm, (212) 931-6139
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