Daniel Ponder Joins Oppenheimer's High Yield Sales Business -- Senior Salesman Expected...

Daniel Ponder Joins Oppenheimer's High Yield Sales Business -- Senior Salesman
Expected To Help Grow Business

NEW YORK, June 10 /PRNewswire/ -- Oppenheimer & Co. Inc., a unit of
Oppenheimer Holdings, is pleased to announce that Daniel Ponder has joined the
firm as Managing Director of High Yield Sales. He will report to Jane Ross,
Managing Director - Head of High Yield Sales.

"Dan Ponder is a welcome addition to our group. We know his excellent
relationships, solid leadership, and top tier experience will greatly benefit
our team," said Jane Ross. Dan joins Oppenheimer after 14 years at Bank of
America Securities, where he served as a Managing Director and a senior member
of its high yield sales team. For seven of his last eight years there, he was
named the bank's top high yield producer. He earned his M.B.A. from the Darden
School of Business at the University of Virginia and his B.A. from Howard
University. "Despite the dislocation in the leveraged finance market, our
customer-centric business continues to thrive and Dan's hiring is reflective
of this trend," added Ross.

The Oppenheimer High Yield and Leveraged Loan Sales and Trading team now
consists of 25 dedicated people: 11 high yield salespeople, 3 high yield
traders, 5 leveraged loan sales, 2 leveraged loan traders, and 4 senior
research analysts. In recent months, the firm has made many key hires. Michael
Miller, Jim Kelly, Joan Farrell and Lynne Johnson joined from UBS. John
Gramins, Devin Fitzgerald and Tad White were formerly at Lehman Brothers. Rob
Rahman was most recently at Morgan Stanley and Anthony Santino joined from ABN
AMRO.

Robert S. Lowenthal, Senior Managing Director - Taxable Fixed Income Sales and
Trading, commented on the new hires. "We are pleased to have this esteemed
group of individuals at the firm. They provide a unique and valuable service
to our institutional customers."

Oppenheimer & Co. Inc. (Oppenheimer), and Oppenheimer Asset Management Inc.,
each principal subsidiaries of Oppenheimer Holdings Inc. (OPY on the New York
Stock Exchange), together 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.

Robert S. Lowenthal of Oppenheimer & Co. Inc., +1-212-667-5300