Oppenheimer & Co, a unit of Oppenheimer Holdings, has named Ed Tappan as Managing Director – Head of Agency CMO and MBS Trading. He will report to Senior Managing Director, Robert Lowenthal.
Mr. Tappan joins Oppenheimer from Citigroup Smith Barney, where he was Director and Manager of the Middle Market Government Agency Collateralized Mortgage Obligations (CMOs) and Mortgage Backed Securities (MBS) trading desk. Prior to that, he worked at Tucker Anthony and Gruntal & Co. In each of these positions, he maintained proprietary positions and traded Agency CMOs and MBS with middle market and high net worth accounts.
Mr. Lowenthal said: “Ed’s experience and expertise with institutional customers and high net worth accounts will have an immediate impact on our business. Ed’s contribution will help grow our mortgage backed sales and trading business.”
Oppenheimer and Oppenheimer Asset Management, each principal subsidiaries of Oppenheimer Holdings, together provide a range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.
