Albert Lowenthal is the Chairman of the Board and CEO of Oppenheimer Holdings Inc. and Oppenheimer & Co. Inc. (Oppenheimer), respectively. Mr. Lowenthal has held these positions since 1985, and has grown the Firm through acquisition and organic growth – taking stockholders’ equity from $5 million to $544 million, as of 09/30/2018. His extensive experience gives him unique insights into Oppenheimer’s challenges, opportunities, and operations.
Mr. Lowenthal began his financial services career in 1967 at Cowen & Co. Within three years at Cowen he became the Managing Partner, and he worked there until 1985. After leaving Cowen, Mr. Lowenthal purchased a controlling interest in Edward A Viner & Co., and assumed the role of Chairman and Chief Executive Officer of the broker-dealer operating company and of the public holding company, Viner Holdings Inc. In 1987, this growing firm acquired Laidlaw Adams & Peck, and then Fahnestock & Co. In the following 15 years, Fahnestock acquired a number of regional companies including W.H Newbold’s, BC Christopher, First of Michigan, and Josephthal. In 2003, Mr. Lowenthal led the acquisition of two important businesses from the Canadian Imperial Bank of Commerce (CIBC) that substantially grew the franchise.
Fahnestock acquired CIBC Oppenheimer’s Private Client and Asset Management divisions and changed its name to one of the most recognized names in financial services – Oppenheimer & Co. Inc. In 2008,
CIBC World Markets’ U.S. capital markets business was acquired, fully rounding out the business. This transaction included investment banking, an equities business in Israel, and related operations in the United Kingdom and in Asia.
On a personal note, Mr. Lowenthal is a Baltimore native, and earned his B.Sc. in Industrial Management from Rensselaer Polytechnic Institute in Troy, NY. In 1967. He resides with his wife Carol in Scarsdale, NY and they are active in a number of local charities.
