Oppenheimer has appointed Doug Damrow as senior director – private client division and the assistant manager of its Chicago, Illinois branch.
Damrow will report to Tom Fritzlen, Jr., senior managing director – private client division and manager of the Chicago office.
"Doug’s immediate focus will be to build upon our success in Oppenheimer’s downtown Chicago office. Further, during the next two to three years, Doug will be responsible for growing our presence in the Chicago area by establishing two offices, one in the I-88 corridor west of Chicago, and a second in the city’s northern suburbs," Fritzlen says.
Before moving to Oppenheimer, Damrow worked at UBS from 2001 to 2010, most recently as UBS Financial Services’ complex director in their Northbrook, Illinois complex. During his nine years at UBS, he led financial advisers and built the operations of many of their offices in the Chicago suburbs, as well as in south and central Wisconsin.
Previously, Damrow worked at Prudential Securities from 1991 to 2001, where he held positions in California, Indianapolis and Chicago. He moved to New York City as national sales manager, and then returned to Chicago as the regional director overseeing Prudential Securities Midwest Region.
In addition to his financial services industry experience, Damrow worked for AT&T as an account executive and with International Paper as a financial analyst and product analyst.
"A number of factors led to my move to Oppenheimer," Damrow says. "I was impressed by the company’s mission to maintain its excellence and continue to grow as an outstanding and independent national investment boutique in the US and was drawn by the opportunity to work with and attract financial advisers who share my respect for superior and personalized client service."