September 19, 2014 12:43 PM ET

Capital Markets

Company Overview of OppenheimerFunds, Inc.

Company Overview

OppenheimerFunds, Inc. is a privately owned investment manager. The firm primarily provides its services to individuals, corporations, and institutions. It also provides sub-advisory investment-management services. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It also launches and manages hedge funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It was founded in 1960 and is based in New York City with additional offices in Rochester, New York and Centennial, Colorado. OppenheimerFunds Inc. operates as a subsidiary of Oppenheimer Acquisition Corp.

Two World Financial Center

225 Liberty Street

New York, NY 10281-1008

United States

Founded in 1960

Phone:

212-323-0200

Fax:

212-323-4070

Key Executives for OppenheimerFunds, Inc.

Chairman
Age: 55
President and Portfolio Manager
Age: 55
Senior Vice President and Chief Financial Officer
Executive Vice President and Chief Operating Officer
Chief Investment Officer
Age: 54
Compensation as of Fiscal Year 2014.

OppenheimerFunds, Inc. Key Developments

OppenheimerFunds Enhances Distribution Leadership Team with Two Senior Hires

OppenheimerFunds announced it has made a substantial move forward in the evolution of its distribution organization with two new hires. Steve Paddon joins the firm as Head of Institutional and Ned Dane joins as Head of Private Client, Trust Bank & Family Office. Paddon and Dane will report directly to John McDonough, Head of Distribution. Paddon joins the firm from Investec Asset Management, where he was Head of Consultant Relations for the North American business. Paddon will direct the firm's institutional strategy, products, mission and vision. He will oversee the development of a strategic business plan to establish and expand OppenheimerFunds' relationships with institutional clients. Most recently, Dane was Managing Director, UHNW Client Solutions Executive for Bank of America/Merrill Lynch. Dane will be responsible for expanding OppenheimerFunds' distribution capabilities in the Private Client, Trust Banks and Family Offices. He and his team will focus on providing new approaches to serving the ultra-high-net-worth niche space.

OppenheimerFunds, Inc. Appoints Elizabeth Krentzman to Board, Effective August 1, 2014

The Board of Trustees/Directors of the Oppenheimer Funds designated New York Board announced the appointment of Elizabeth Krentzman to the Board, effective August 1, 2014. Ms. Krentzman recently retired from Deloitte LLP after serving as the firm's U.S. mutual fund leader. Ms. Krentzman formerly served as the general counsel of the Investment Company Institute (ICI), where she was responsible for legal and regulatory initiatives affecting the Institute's member firms. Ms. Krentzman is a member of the District of Columbia and Florida Bar Associations, and is a former chair of the District of Columbia Bar Investment Management Subcommittee.

OppenheimerFunds, Inc. to Launch New Oppenheimer Emerging Markets Innovators Fund

OppenheimerFunds has announced the plans to launch a new Oppenheimer Emerging Markets Innovators Fund, or EMIAX. The fund is expected to launch at the end of June 2014. The new fund will build on the firm's long history of success in emerging markets and invest in companies with disruptive products, brands, business models or other strategic differentiators that establish an entirely new market or result in rapid share gains within an existing market. The fund will be country and sector agnostic and seek opportunities across the following structural growth themes: financial inclusion; logistics, distribution, e-commerce and modern retail; private education and healthcare services; and internet media and content. A low turnover, bottom-up investment approach will be used in identifying potential investments, which will be heavily weighted towards small- and mid-cap companies.

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