Daily News: March 15, 2012

Oppenheimer Hires Institutional Sales Team From BofA/Merrill

Oppenheimer & Co., a unit of Oppenheimer Holdings, announced that a team of John Carson, Ryan Gray and William Kaeli has joined its middle-market institutional sales group from Bank of America/Merrill Lynch.

The new hires will work out of the firm’s Philadelphia office and will cover a variety of mid-market and regional institutions in the area. They will report to Richard Grobman, Oppenheimer managing director.

“These three salespeople offer a tremendous wealth of experience and have worked as traders, equity research salespersons and institutional equity sales executives for almost 60 years combined,” said Grobman.