Company Overview of Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. announced 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. 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. Michael Bellero has focused exclusively on Emerging Markets sales for over 25 years. At Jefferies he expanded distribution with some of Jefferies' 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. Ken Lockyer joins Oppenheimer from Jefferies where he was a Managing Director in its Emerging Markets sales team. 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 & Co. Inc. announced the addition of several senior hires, including two recent additions in the Investment Banking Division: David Brown and Robert Cramer. David Brown joins the Firm as Managing Director -- Head of Capital Markets Origination. David was previously at Barclays where he served as Managing Director, Investment Banking -- Global Finance. Prior to Barclays, David spent 11 years at Lehman Brothers, where he worked in both corporate finance and equity capital markets. At Oppenheimer, David will collaborate closely with senior industry bankers, the Equity Capital Markets team, as well as with the Firm's Debt Capital Markets specialists on capital markets origination. Also joining the Investment Banking Division is Robert Cramer, who will serve as Managing Director -- Specialty Finance. Robert has over 20 years of experience in the specialty finance sector, and comes to Oppenheimer from RBC Capital Markets where he was a Managing Director in the Financial Services Group for the last 12 years. At RBC Capital Markets, Robert formed and managed a national specialty finance vertical with broad equity capital markets capabilities including IPOs, follow-ons, convertibles and preferreds, as well as mergers and acquisitions and advisory services. Robert will be based at Oppenheimer's investment banking office in Boston. David and Robert will report to Bruce McCarthy and Marc Thompson, Managing Directors -- Co-Heads of Investment Banking.

Oppenheimer & Co. Inc. announced that on March 01, 2013, the company opened a new branch in Kenedy, in south Texas's Karnes County. The development of the Eagle Ford Shale has led to an economic boom resulting in new jobs in the community and the creation of new wealth for the region.