NEW YORK, Oct. 28 /PRNewswire-FirstCall/ -- Oppenheimer & Co. announced today the acquisition of the Restructuring Group from Fulcrum Strategy Partners. Fulcrum was formed last year by industry veterans Nicholas W. Tell, Jr., former Portfolio Manager of Trust Company of the West's successful distressed funds, and Eben Paul Perison, former Managing Director with Fortress Investment Group and former Co-Head of Investment Banking for Libra Securities. Fulcrum was formed to capitalize on Mr. Tell's and Mr. Perison's extensive experience in advising and investing in middle market troubled companies. Oppenheimer Holdings Inc. (OPY on the NYSE), through its principal subsidiaries, Oppenheimer & Co. Inc. (a U.S. broker-dealer) and Oppenheimer Asset Management Inc., offers a wide range of investment banking, securities, investment management and wealth management services from 86 offices in 21 states and through local broker-dealers in 3 foreign jurisdictions. OPY Credit Corp. offers syndication as well as trading of issued corporate loans. The Restructuring Group built by Fulcrum is comprised of professionals with over 50 years of collective experience in restructuring middle market companies. These professionals have been involved in over 50 creditor or ad hoc committees, restructuring over 100 companies in a variety of industries during the past 15 years. "We were quickly able to build a group at Fulcrum that is able to advise companies and creditors from an investor's perspective," said Eben Perison, Head of the Restructuring Group. "We believe that our credibility and relationships built from not just advising companies but also from actually investing in hundreds of companies during the past two distressed cycles will be an invaluable resource to help troubled companies and creditors through this next cycle." "We are pleased to combine forces with Fulcrum and look forward to working with Nick Tell and Eben Perison, two highly experienced professionals", said Albert Lowenthal, Chairman and CEO of Oppenheimer. "This acquisition is a powerful combination of Oppenheimer's breadth of M&A and corporate finance capabilities in the middle market with the Restructuring Group's extensive expertise in restructuring middle market companies," said Nick Tell, CEO of Fulcrum Strategy. DATASOURCE: Oppenheimer Holdings Inc. CONTACT: Nicholas W. Tell, Jr., (310) 798-7777

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