Oppenheimer (NYSE:OPY) announced on April 9, 2026, that David Fleming has been promoted to a senior leadership position within the firm’s Private Client Division.
Fleming will transition from his current role in San Francisco to the company’s New York headquarters, where he will report directly to Ed Harrington, Executive Vice President and Head of the Private Client Division.
In his new capacity, Fleming will oversee branches in select markets and partner with regional and branch managers to accelerate business development, recruitment, and team performance across the division.
The promotion follows Fleming’s successful tenure as the San Francisco branch manager, a role he assumed in 2022.
Under his leadership, the San Francisco office saw a 36% increase in revenue and a 34% growth in assets, while successfully adding seven new advisors to the team.
To fill the vacancy in the Bay Area, Oppenheimer has appointed Ron Guidi as the new Branch Manager in San Francisco.
Guidi, a seasoned executive with over 26 years of experience in wealth management, previously held senior positions at Rockefeller Capital Management and Deutsche Bank.
He will be responsible for day-to-day operations and expanding the firm's presence in the competitive Northern California market.
The leadership changes come as Oppenheimer’s Wealth Management segment comes off a record-breaking fiscal 2025.
The division generated more than $1 billion in annual revenue for the first time, with Assets Under Management (AUM) reaching an all-time high of $55.2 billion as of December 31, 2025.
Total client Assets Under Administration (AUA) stood at $143.3 billion at year-end, reflecting a significant expansion in the firm’s fee-based advisory business.