OppenheimerFunds Completes Private Client, Trust & Family Office Team

NEW YORK, April 9, 2015 /PRNewswire/ -- OppenheimerFunds today announced that it has fully staffed its team covering private clients, bank trusts and family offices, reinforcing the Company's strategic drive to expand its core retail base and increase its capabilities in the ultra-high-net-worth market.

Most recently, OppenheimerFunds hired Nancy Bong as Strategic Account Manager on the team. She and fellow Strategic Account Manager Josean Fernandez have primary responsibility for managing the Company's relationships with the private banks, national trust companies and regional and super-regional banks that make up OppenheimerFunds' Strategic Account list.

"Nancy's addition enhances our strong, experienced team that provides robust service and value for this critical client sector," said Ned Dane, Head of Private Client, Trust & Family Office.  

In addition to Nancy and Josean, there are five Sales Directors who cover trusts, family offices and the local offices of several Strategic Account clients: Joe Stellato (Northeast), Tom Winnick (Mid-Atlantic), Justin Goldstein (Southeast), Chris Saul (Central) and Matt Brown (West).

Nancy joins OppenheimerFunds from Neuberger Berman, where she managed relationships with clients in the Private Bank and Trust channel. Previously, she worked at Lehman Brothers and Goldman Sachs. Nancy received her undergraduate degree from Queen's University School of Business in Canada and her MBA from Harvard Business School. She is a CFA® charterholder and has her CAIA designation. Nancy is based in New York.

"Under Ned's leadership, OppenheimerFunds is well positioned as a trusted, consultative advisor, aligned to meet the evolving needs of this essential client group," said John McDonough, Head of Distribution.

About OppenheimerFundsOppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $237 billion in assets for over 13.5 million shareholder accounts, including sub-accounts, as of March 31, 2015.

Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing active, innovative investment strategies to its investors. The firm's 14 distinct, collaborative investment management teams specialize in equity, fixed income, alternative and multi-asset strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors serving individual investors. OppenheimerFunds provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.

Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281

© 2015 OppenheimerFunds Distributor, Inc.  All rights reserved.

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SOURCE OppenheimerFunds, Inc.