Oppenheimer adds Pynchon as high-yield tax-exempt managing director

By Tali David

Minneapolis, June 17 - Oppenheimer Asset Management Inc. announced that Tim Pynchon has joined the firm as managing director - portfolio manager for high-yield tax-exempt funds. He will be based in the firm's Boston office.

"We look forward to the new products that Tim will be tasked with bringing to the Oppenheimer sales force and its clients," Oppenheimer & Co. Inc. chief executive officer Albert (Bud) Lowenthal said in a press release.

Since 1982, Pynchon has worked in the asset management business. He has concentrated primarily on high-yield tax-exempt fixed-income products, acting as a portfolio manager, underwriter, analyst and restructuring specialist.

Before coming to Oppenheimer, he worked at Pioneer Investment Management, which he joined in 2000. At Pioneer, he was part of a team that launched two closed-end mutual funds and managed those funds' high-yield portfolios, the release said. He also was part of the 2006 launch of an open-end pure high-yield tax-exempt mutual fund that was made public in 2007.

Before joining Pioneer, Pynchon underwrote high-yield tax-exempt health-care issues at Commerce Capital Markets. He also has been a high-yield analyst and restructuring specialist at Eaton Vance.

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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