Oppenheimer Names New Investment Banking Co-Heads

Oppenheimer Names New Investment Banking Co-Heads

Oppenheimer & Co. has announced that Bruce McCarthy and Marc Thompson have been named as co-heads of the firm’s investment banking group. They replace Marshall Heinberg who is leaving Oppenheimer after 25 years of service. “We are very pleased that Bruce and Marc have accepted this expanded role at Oppenheimer. Investment Banking, which is a core competency at our firm, will greatly benefit from the experience and expertise that they bring,” said Albert Lowenthal, Chairman of Oppenheimer & Co.

“I want to thank Marshall Heinberg, the former head of Investment Banking, for his years of service. He leaves Oppenheimer with our affection and respect. Marshall has decided to step down at the end of the month to pursue other interests. Marshall started his career with Oppenheimer over 25 years ago, and I am profoundly grateful to him for helping build a world-class middle market Investment Banking group,” said Mr. Lowenthal.

“I have been extremely fortunate to be able to have a 25 year career at Oppenheimer and its predecessor companies and I am delighted to pass the baton to two very talented professionals and leaders. I know they will continue to build on the success of our Firm. It has been a pleasure to be associated with so many gifted and dedicated colleagues,” said Mr. Heinberg.

Bruce McCarthy, who has over 20 years of investment banking experience, has worked at Oppenheimer and its predecessor companies since 1998. As Head of Global Mergers & Acquisitions, he has completed over 250 mergers, acquisitions, joint ventures and hostile defenses in a variety of sectors, including Industrial, Telecom, Chemical, Consumer Products and Technology. Mr. McCarthy will continue in his role as Head of Mergers & Acquisitions in addition to his new responsibilities. Before joining Oppenheimer, he worked for nine years in the mergers & acquisition groups at Salomon Smith Barney. He earned a BA in Economics from Boston College and an MBA from the Columbia Business School.

Marc Thompson, who has over 25 years of investment banking, private equity and operational experience and has worked at Oppenheimer and its predecessor companies since 1987, has completed a range of public and private equity and debt financings and mergers & acquisition assignments for clients, primarily in the technology and industrial sectors. In 2000, he formed the Software and Services practice, a team that has executed over 140 transactions worth more than $20 billion. He has also been a Managing Director at CIBC Capital Partners, where he served on the boards of several companies and assisted CIBC portfolio companies in completing acquisitions and debt financings. He holds an AB from Dartmouth College. Mr. Thompson will continue to head Software & Services and oversee the Technology Practice in addition to his new responsibilities.

Oppenheimer & Co. provides wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions. The firm is based in New York (www.opco.com).

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