NEW YORK, Aug. 7 /PRNewswire-FirstCall/ -- Oppenheimer Holdings Inc. (NYSE and TSX: OPY), today issued the following statement:
"It is with deep sadness that I report the passing last night of Michael Metz, our Chief Investment Strategist," said Albert G. Lowenthal, Chairman and CEO of Oppenheimer Holdings Inc. "He was a kind-hearted and generous man, whose intuitions about the stock market, sense of investment strategy and understanding of client needs were well-honed after years of experience. His wisdom and warmth will be greatly missed."
Mr. Metz began his career as an analyst with Standard & Poor's in 1959. He started at Oppenheimer in 1969 as an analyst, and soon moved to the equity-trading desk where he supported the firm's block trading activities.
From 1990 until 2002, he served as Chief Investment Strategist for Oppenheimer & Co. Inc. In that position, he advised retail and institutional investors and brokers on investment strategy and portfolio selection. He also actively managed investment partnerships for some of the firm's high net-worth clients. He was a Managing Director and the investment decision maker on several investment partnerships for affluent clients in the U.S. and abroad.
Mr. Metz received a B.A. from Dartmouth College, an L.L.B. from Harvard Law School and an L.L.M. from New York University Law School, and served in the United States Navy as a trial lawyer.
A.G. Lowenthal, (212) 668-8000; E.K. Roberts, (416) 322-1515
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