Oppenheimer has named Chris DeFalco and John Hyland as Co-Heads of its Equity Capital Markets (ECM) Investment Banking group, marking a leadership transition within the firm’s capital markets division.

Both executives will oversee the strategic direction, execution, and expansion of the firm’s ECM platform, with a focus on strengthening product capabilities across key industry sectors. In addition to their new responsibilities, DeFalco and Hyland will join the firm’s Investment Banking Commitment Committee.

As part of the changes, Peter Bennett will step down from his role as Head of ECM to lead the Corporate Executive Services team. In his new position, Bennett will work to improve coordination between Investment Banking and Wealth Management operations. He has been with the firm since 2019.

Oppenheimer Appoints New Co-Heads to Lead ECM Division

Robert Lowenthal, President and CEO of the firm and Co-Head of Investment Banking, said DeFalco and Hyland bring complementary experience and leadership styles that align with the firm’s direction in equity capital markets. He also highlighted Bennett’s transition as part of broader efforts to align internal capabilities for clients navigating different financial needs.

DeFalco joined Oppenheimer in 2015 and focuses on growth sectors including Consumer, Healthcare, and Technology. He has worked on more than 285 equity and equity-linked transactions as a bookrunner or lead manager and previously led the firm’s SPAC advisory efforts. He holds an undergraduate degree from Rutgers University.

Hyland joined the firm in 2021 and has played a role in expanding ECM activity across multiple sectors, including Consumer, Financial Institutions, Industrials, and Technology. He has more than two decades of experience and has been involved in over 200 equity offerings. Before joining Oppenheimer, he held roles at Bank of America and Barclays. Hyland earned his undergraduate degree from Washington and Lee University and an MBA from NYU Stern School of Business.

DeFalco and Hyland said they plan to focus on execution and closer client engagement while broadening the firm’s ECM capabilities.

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