Oppenheimer hires Anderson, Snoep to fixed income group

By Melissa Kory

Cleveland, Nov. 3 - Oppenheimer & Co. Inc. hired Mark Anderson as managing director in the Institutional Fixed Income Sales and Trading department and Neil Snoep as director, bank strategies analyst.

Anderson and Snoep will report to Robert S. Lowenthal, senior managing director of the Taxable Fixed Income group.

Snoep is responsible for market-focused tactical and strategic recommendations, as well as quantitative analytics and asset liability management.

Working out of San Francisco, Anderson will lead the firm's growth efforts through coverage of West Coast financial institutions. He will be responsible for developing a group focused on relationships with depositories, including banks, thrifts, credit unions, savings and loans and insurance companies.

Snoep has more than 10 years of experience in senior bank strategy roles at firms such as Sandler O'Neill Partners, JPMorgan and Lehman Brothers. Anderson worked for Stone & Youngberg, LLC and spent 14 years at Merrill Lynch & Co.

"The addition of Mark and Neil to the platform will greatly enhance Oppenheimer's fixed income sales coverage of financial institutions across the U.S.," Lowenthal said in a news release. "Combined with the group already in place, the newly formed Financial Institutions group will expand upon the firm's proven track record with hundreds of depositories and our deep understanding of client's needs."

Oppenheimer, a New York City-based subsidiary of Oppenheimer Holdings Inc., provides wealth management, securities brokerage and investment banking services to individuals, families, corporate executives, local governments, businesses and institutions.

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