NEW YORK, March 13 /PRNewswire/ -- Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings Inc., is pleased to announce that Michael Miller has joined Oppenheimer as Managing Director - High-Yield Bond Trading. "I am pleased to have Michael join our High-Yield effort. He brings additional leadership, experience and market knowledge to our High-Yield trading desk," said Robert S. Lowenthal, Senior Managing Director - Taxable Fixed Income Trading. Michael joins Oppenheimer from UBS Investment Bank, where he had been a Managing Director. Before moving to UBS, he served as Managing Director at Morgan Stanley & Company and as President of Morgan Stanley's Special Situations Group. He spearheaded the growth of the firm's distressed bond and loan business. At Oppenheimer, Michael will cover the following sectors: Utilities, Paper, Cable & Broadcasters, Intelsat, Autos, Convenience/Drug Stores and Lodging. Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), provides a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions. Certain statements in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Oppenheimer & Co. Inc. CONTACT: Robert S. Lowenthal of Oppenheimer & Co. Inc., +1-212-667-5300; or Brian Maddox, +1-212-850-5661,

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