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Oppenheimer & Co history
Oppenheimer & Co company history timeline
Originally created as Oppenheimer & Company, Oppenheimer Holdings was founded in 1950 when a partnership was created to act as a broker-dealer and manage related financial services for large institutional clients.
After re-configuring operations in 1975, Oppenheimer & Co. formed three operating subsidiaries:
In 1986, a majority interest was bought in Oppenheimer & Co. and Oppenheimer Capital by the firm's management, Chairman and CEO Stephen Robert and president Nathan Gantcher, along with a small group of their colleagues from Mercantile, for $150 million.
In 1995, Robert and Gantcher, who controlled about 40 percent of OpCo's equity, became eager to locate additional capital to grow their firm.
On May 8, 1997, The Wall Street Journal announced that Pittsburgh-based PNC Bank Corp. was in talks to buy Oppenheimer & Co. for about $500 million in cash, stock, and options.
In 2003, CIBC made the decision to sell Oppenheimer's retail brokerage business and name for $257 million to Fahnestock Viner Holdings, which subsequently changed its name to Oppenheimer.
On November 4, 2007, CIBC announced that it agreed to sell to Oppenheimer & Co. its American domestic investment banking, equities, leveraged finance, and related debt capital markets businesses.
In January 2015, Oppenheimer & Co. paid $20 million in civil settlements with United States regulators, who had alleged that the group had improperly sold penny stocks and did not take adequate steps to fight money laundering.
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Oppenheimer & Co competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stifel Financial | 1890 | $49.8M | 7,100 | 149 |
| Baird | 1919 | $2.3B | 4,500 | 353 |
| Piper Jaffray | 1895 | $1.5B | 1,500 | 61 |
| First Republic Bank | 1985 | $2.3B | 6,295 | - |
| J.P. Turner | 1997 | $112.7M | 550 | - |
| Sterling National Bank | 1888 | $145.7M | 2,076 | - |
| UBS | 1862 | $36.0B | 71,551 | 247 |
| Wachovia Securities | 2001 | $55.0M | 50 | - |
| Sterne Agee | 1901 | $297.5M | 3,000 | - |
| R.J. O'Brien | 1914 | $520,000 | 7 | - |
Oppenheimer & Co history FAQs
Zippia gives an in-depth look into the details of Oppenheimer & Co, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Oppenheimer & Co. The employee data is based on information from people who have self-reported their past or current employments at Oppenheimer & Co. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Oppenheimer & Co. The data presented on this page does not represent the view of Oppenheimer & Co and its employees or that of Zippia.
Oppenheimer & Co may also be known as or be related to OPPENHEIMER HOLDINGS INC, Oppenheimer & Co, Oppenheimer & Co Inc, Oppenheimer & Co. Inc., Oppenheimer Holdings, Oppenheimer Holdings Inc and Oppenheimer Holdings Inc.