OppenheimerFunds Opens EMEA Headquarters in London

LONDON, Oct. 23, 2017 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, announced the opening of its headquarters for Europe, the Middle East and Africa (EMEA) in London. The office will allow OppenheimerFunds to expand the distribution of its investment strategies, including its growing number of UCITS offerings, across the region.

"Building out our office in London, a global financial center, is a critical component of our international strategy. Having a local presence enhances our capabilities to reach our growing EMEA client base and provides access to our flagship strategies." said Art Steinmetz, Chairman and CEO of OppenheimerFunds.

Doug Stewart, Head of EMEA, leads OppenheimerFunds' London-based operations. To further build out the firm's capabilities across these markets, Stewart recently hired Dicken Watson as Chief Operating Officer for EMEA.

A lawyer by training, Watson brings an extensive knowledge of the EMEA regulatory landscape. Prior to joining OppenheimerFunds, he was the Director of Compliance and Senior Counsel at Affiliated Managers Group. Based in London and reporting to Stewart, Watson will lead operational and compliance-related activities throughout the region.

"We look forward to providing our proven, global investment solutions to a range of clients across the region, both through strategies and our expanding range of UCITS funds," said John McDonough, Head of Distribution and Marketing for OppenheimerFunds and OFI Global Asset Management, Inc.

In addition to the firm's EMEA expansion, Paul Eisenhardt, Head of International Distribution – Americas and Australia, continues to lead OFI Global's distribution activities with US-based non-resident investors as well as developing client relationships in Australia. OFI Global is a subsidiary of OppenheimerFunds serving institutional investors and consultants throughout the world.

Last year, the firm launched OppenheimerFunds ICAV, an Ireland-domiciled UCITS platform and its sub-funds. These funds provide new choices to clients across regions and deepen relationships with consultants and investment platform providers. Recently, OppenheimerFunds added the Oppenheimer Emerging Markets Local Debt UCITS Fund to its suite of UCITS offerings.

OppenheimerFunds' UCITS funds include:

• NEW – Oppenheimer Emerging Markets Local Debt UCITS Fund 
• Oppenheimer Developing Markets Equity UCITS Fund
• Oppenheimer Emerging Markets Innovators UCITS Fund
• Oppenheimer Global Equity UCITS Fund
• Oppenheimer Global Value Equity UCITS Fund

In addition to developing products to meet the needs of its international clients, OppenheimerFunds has broadened its philanthropic efforts to include London in its 10,000 Kids by 2020 initiative, which aims to introduce children to math literacy programs. In support of this goal, the firm is a supporter of MATHSWORLDUK's "Ring of Fire" exhibit at the Science Museum in London. 

About OppenheimerFunds
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $243 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of September 30, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

Web:  oppenheimerfunds.com
Tweets:  twitter.com/OppFunds
Podcasts:  oppenheimerfunds.com/advisors/podcasts

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SOURCE OppenheimerFunds