Oppenheimer adds distressed debt team to fixed-income division

By Marisa Wong

Los Angeles, Sept. 7 – Oppenheimer & Co. Inc. announced a significant expansion to its fixed-income division with the addition of 10 distressed debt team members and their managing director.

The team, which joins the firm from TD Cowen, will be combined with Oppenheimer’s existing high-yield desk and will be led by managing director Jay McDermott, according to a press release.

McDermott will report to Peter Albano, senior managing director and global head of fixed income.

McDermott has an established history of managing teams in distressed debt, loan trading and high yield. In addition to TD Cowen, he has also worked for Bear Stearns, RBS and Debtstream Corp.

His team includes Tim Cavanaugh, managing director, loan sales and sourcing; Michael Kasper, managing director, sales; Harvey Potter, managing director, sales; Eric Friel, head high yield and distressed research; David Kelley, head of distressed trading; Ron Ryder, head of special assets; Jon Satran, head of bank loans; Matt Feldman, executive director, research; Francesca Sena, executive director, legal; and Brian Smyth, associate – research/sourcing.

New York-based Oppenheimer is a subsidiary of Oppenheimer Holdings Inc., and its affiliates provide a range of wealth management, securities brokerage and investment banking services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.