Oppenheimer Hires Jeffrey Lipton as Head of Municipal Research

Jeffrey Lipton has joined Oppenheimer & Co. as head of municipal-bond research in the company’s New York headquarters.

Lipton previously worked for four years as a senior muni analyst at Metlife Inc., Oppenheimer said in a statement today. Lipton, who declined to give his age, has almost three decades in the financial industry. He has also worked at Neuberger Berman and Weiss Peck & Greer.

Lipton “will be instrumental in providing municipal credit analysis and general market trends to both the high net worth and institutional investor community,” Robert Lowenthal, Oppenheimer’s global head of fixed income, said in the statement.

The need for research in the $3.7 trillion municipal market has intensified since the financial crisis, when bond insurers lost their AAA ratings. Bankruptcy filings from Detroit to Stockton and San Bernardino in California underscore the importance of researching weaker credits as investors seek extra yield with interest rates near generational lows.

To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Mark Schoifet

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.