By Sheila Mullan

NEW YORK (MNI) – Oppenheimer Holdings’ Oppenheimer & Co. Inc. said
it has hired Thomas di Galoma as managing director of U.S. Government
Treasury and Agency Sales on its Government Trading Desk in the Taxable
Fixed Income Department.

He will lead the Institutional U.S. Government Securities sales
effort and report to Lee Cohen, managing director of government trading
and finance, the company said. “Tom brings a complementary distribution
capability to our trading business and I look forward to his
contribution on the desk,” said Lee Cohen.

Robert Lowenthal, senior managing director of Taxable Fixed Income
Sales and Trading said that “the addition of Tom illustrates our
commitment to building a premier team focused on both the primary and
secondary market needs of institutions involved in the purchase and sale
of U.S. Government securities. Tom has over twenty years of experience
supporting the needs of institutional clients and I know he will make a
valuable contribution to our Firm.”

Tom joins Oppenheimer from Guggenheim Securities LLC, where he was
a senior managing director and head of the Rates Trading Group. Prior to
joining Guggenheim, Tom spent six years at Jefferies & Co Inc.,
where he served as a managing director and head of U.S. Government Bond
Trading and Sales. Tom has held senior sales, trading and management
positions at Merrill Lynch, Salomon Smith Barney and BNP Paribas.

“I am excited to join the Firm,” said di Galoma. “Oppenheimer has
built a great platform to support sophisticated institutional clients
trading U.S. government securities.”

Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of
Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), provides
wealth management, securities brokerage and investment banking services
to high-net-worth individuals, families, corporate
executives, local governments, businesses and institutions. With over 90
offices located in the U.S., Europe, Israel and Asia, Oppenheimer has
more than 1,400 brokers, over 35 senior research analysts covering over
550 companies and a strong retail distribution platform.

–By Sheila Mullan, New York, 212-669-6432, email:

** Market News International New York Newsroom: 212-669-6430 **