Investment bank and wealth manager Oppenheimer & Co has opened a new office in Nashville, Tennessee as part of its ongoing expansion strategy.
The firm named executive director Phil Hall as the branch manager of the new office.
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Hall will also be responsible for overseeing the expansion of the firm’s wealth management business in the area.
Oppenheimer & Co Private Client Division executive vice-president Ed Harrington said: “We are delighted to establish a presence in Nashville. The firm’s comprehensive wealth management offerings and capital markets expertise is a perfect fit for the city’s rapidly expanding population, burgeoning economy and deep pool of professional talent.”
The move comes as Oppenheimer & Co seeks to bolster its presence in the ‘economically vibrant markets’ in the US.
The firm, a principal subsidiary of Oppenheimer, offers a spectrum of wealth management, securities brokerage and investment banking services to high net-worth (HNW) individuals, families, corporate executives, local governments, businesses and institutions.
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By GlobalDataCommenting on the Nashville office, Hall said: “I’m thrilled to be a part of Oppenheimer’s expansion into Nashville. This is a market I know well, and the firm is a great match for the current growth trajectory of the city, which, now more than ever before, has an acute need for our services.”
Last month, a report by Bloomberg said that Goldman Sachs is opening an office in Monaco as part of a strategy to expand its European operations.
