Oppenheimer Bolsters Public Finance Team Leadership

Firm Appoints Former UBS Execs As Managing Directors To Lead Northeast And Southeast Regions

Oppenheimer Holdings investment banking and wealth manager subsidiary Oppenheimer & Co. (Oppenheimer) announced the expansion of its public finance team with the hires of Kristin Stephens and David Moffett as Managing Directors. Stephens will serve as Head of the Northeast Region, based in New York, and Moffett will be Head of the Southeast Region, based in Atlanta.

Elizabeth Coolidge, Head of Public Finance, Oppenheimer
Elizabeth Coolidge, Head of Public Finance, Oppenheimer

Both will report to Elizabeth Coolidge, who was appointed last month as Head of Public Finance, based in Chicago. Coolidge brought Liberty Ziegahn and Madison Maher onto the Oppenheimer team. Stephens, Moffett, Coolidge, Ziegahn and Maher formerly worked at UBS, which is pulling back in the space. Citi also exited from public finance in December, in contrast to Oppenheimer’s expansion.

“We are thrilled to have Kristin and David join our team,” said Coolidge. “Kristin’s past work with issuers in developing innovative credit strategies has allowed her to build longstanding relationships with key clients, not only in the Northeast but across the country. David has managed some of the most important transactions in recent history for issuers in the Southeast.”

Kristin Stephens, Managing Director & Head of the Northeast Region, Oppenheimer & Co.
Kristin Stephens, Managing Director & Head of the Northeast Region, Oppenheimer & Co.

Both Stephens and Moffett have over two decades of relevant experience. Stephens most recently was Managing Director and Head of Credit Strategies at UBS and, prior to that, Executive Director and Head of Municipal Credit at the UBS Chief Investment Office. She also worked at ACA Capital, J.P. Morgan and ABN AMRO.

Moffett also joins from UBS, where he was Executive Director in Southeast, Public Utility and Project Finance. Prior to UBS, he worked at Jefferies, Bank of America Merrill Lynch, A. G. Edwards, PriceWaterhouseCoopers and Accenture.

David Moffett, Managing Director & Head of the Southeast Region, Oppenheimer & Co.
David Moffett, Managing Director & Head of the Southeast Region, Oppenheimer & Co.

Stephens said, “Oppenheimer is a leading financial institution in the municipal finance business. I am eager to lead the Northeast Region, to execute novel debt solutions for our clients, and to work again with my former colleagues Beth, Liberty, Madison and David, as well as the entire Oppenheimer Public Finance team.”

“The public utility sector serves a vital role in the growth of communities and the quality of life for people across the country,” said Moffett. “Throughout my career, I have worked on projects to achieve these goals. I am excited to join such a forward-thinking team and to help enhance Oppenheimer’s Public Finance capabilities in the Southeast Region.”

Oppenheimer’s public finance team includes approximately 25 professionals. The firm’s acquisition of San Francisco-based Brandis Tallman in 2020 helped advance its public finance presence in California. It onboarded a distressed debt team from TD Cowen and began a brand initiative and relaunch in September last year. In July, it hired former Merrill Lynch advisor Tatiana Zurek in South Florida.

James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.

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