US-based OppenheimerFunds has strengthened its distribution team by hiring Steve Paddon as new head of institutional and Ned Dane as head of private client, trust bank & family office.
Paddon and Dane will report to John McDonough, head of distribution.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In his new role, Paddon will oversee the firm’s institutional strategy, products, mission and vision. He will also oversee the development of a strategic business plan to establish and expand OppenheimerFunds’ relationships with institutional clients.
Paddon has joined OppenheimerFunds from Investec Asset Management, where he was the head of consultant relations for the North American business.
Prior to this, Paddon worked for institutional sales and relationship management for the Americas at Credit Suisse Asset Management and also at State Street Research & Management and Metropolitan Life Insurance Company.
Additionally, Dane will expand OppenheimerFunds’ distribution capabilities in the private client, trust banks and family offices and will deliver new approaches to serve the ultra-high-net-worth niche space.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDane has joined OppenheimerFunds from Bank of America/Merrill Lynch, where he served as managing director, UHNW client solutions executive. Prior to this, he served as president at AXA Advisors, and worked for 10 years with Putnam Investments as a leader in IRA rollovers, defined contribution plans and the national sales desk.
