Ed Harrington, currently managing director and head of Sales & Marketing for Oppenheimer Asset Management, will assume the role of executive vice president of Oppenheimer’s Private Client Division (PCD) and become a member of Oppenheimer’s management committee.

Mark Whaley, currently executive vice president of the PCD, will retire from the leadership position. These changes will take place as of February 1, 2019, though Whaley will remain with the firm through 2019.

“Ed has demonstrated his leadership and expertise in numerous ways and brings deep knowledge of our industry, Firm and advisory practices. In this important role, he will empower our advisors, help recruit the next generation of advisors, and continue to move the business forward,” said Bud Lowenthal, chairman and chief executive of Oppenheimer. “Mark has been an important contributor to our Firm and we are grateful he will remain with us for the next year as he transitions into retirement.”

Harrington has spent 25 years with Oppenheimer, excelling in product development, sponsor engagement, operations and product marketing. He built a Sales & Marketing team that delivers an end-to-end capability including 12 investment platforms, new product capabilities across all asset classes, sales enablement activities, and field support. He led successful investment management distribution efforts across 92 U.S. retail locations and 1,100 advisors and played an important collaborative role in the launch of the Firm’s Private Market Opportunity Platform, which delivers private investment vehicles to qualified investors.