Governor Hochul Announces Oppenheimer Holdings Inc. to Establish New $66 Million Manhattan Headquarters, Retaining More Than 1,000 Jobs

Leading Investment Banking and Wealth Management Firm Will Relocate to 220,000-Square-Foot Office at 32 Old Slip in Manhattan's Financial District

New Headquarters Builds on Company's Nearly 145-Year History in New York City and Strengthens Its Long-Term Presence in Lower Manhattan

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Governor Kathy Hochul today announced that Oppenheimer Holdings Inc., a leading global investment banking and wealth management firm, will establish a new $66 million headquarters in Lower Manhattan, reinforcing its longstanding commitment to New York City and retaining 1,001 full-time jobs. The company will relocate from its current headquarters at 85 Broad Street to approximately 220,000 square feet of modern office space at 32 Old Slip in the Financial District. The investment will support extensive renovations and improvements to the new facility, providing the infrastructure needed to accommodate Oppenheimer's comprehensive operations. The decision builds on the firm's nearly 145-year history in New York City and further strengthens the state's position as a global leader in financial services.

"Oppenheimer's decision to stay and grow in Manhattan is a win for New York, retaining more than 1,000 quality jobs in a modern, new headquarters, representing a $66 million investment," said Governor Kathy Hochul. "This commitment sends a clear message that there is no better place to do business than New York. We have the talent, the access to global markets and resources companies need to compete, innovate and grow. We have always led the way, and we are building an even stronger future."

Empire State Development President, CEO and Commissioner Hope Knight said, "Oppenheimer's next chapter in New York City underscores the strength and resilience of our financial services industry. Under Governor Hochul's leadership, New York is building on that foundation by ensuring established businesses have every reason to invest, expand and succeed here. ESD is proud to support this significant investment, which will bring new energy to Lower Manhattan and strengthen the Financial District's economic future."

Read the full press release here.