This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oppenheimer & Co. Sign Memorandum Of Understanding With Hyundai Securities To Form A Strategic Working Alliance

NEW YORK, Dec. 8, 2010/PRNewswire/ -- Oppenheimer & Co. Inc. (OPCO) and Hyundai Securities Co. Ltd (Hyundai), have signed a memorandum of understanding (MOU) to form a non-exclusive Alliance that will enable them to cooperate on business opportunities in both Korea and the United States.  The scope of the partnership covers both investment banking and securities activities.

"We are excited to work with Hyundai, one of Korea's leading financial services firms. We believe that our strong financial services business in the United States, coupled with Hyundai's strong domestic presence in Korea, large business network and comprehensive focus on investment banking and wealth management, will lead to significant opportunities for both firms," said Mr. Albert Lowenthal, Chief Executive Officer of Oppenheimer & Company.  

"We look forward to partnering with Oppenheimer, a strong US-based global financial institution. This partnership will help us intensify our business in the United States and, at the same time, will help both institutions create synergy to grow business in Asia," said Mr. Kyung Soo Choi, Chief Executive Officer of Hyundai Securities.

"This alliance will help us further grow our business in Asia and will also direct potential Asian clients to our well-developed US operation," added Mr. Steve Bernstein, Chief Executive Officer of OPCO's Hong Kong-based affiliate, Oppenheimer Investments Asia Limited.

The alliance will cover a number of areas including corporate finance (advisory, public and private offerings), M&A, institutional sales (fixed income and equity products), research and wealth management.

Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), provides a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs