Oppenheimer Holdings Inc. traces its origins to 1881, when its predecessor firm, Fahnestock & Co., was established as a Wall Street brokerage house. Today, the company is a leading middle-market investment bank and full-service wealth management firm, offering a range of financial services, including investment banking, capital markets and wealth management.

The company’s relocation to 32 Old Slip will establish a modern headquarters designed to meet its evolving operational needs while preserving its longstanding presence in Manhattan’s Financial District, state officials noted. The capital investment, by RXR and Oppenheimer, will support the renovation and fit-out of roughly 220,000 square feet of office space, including improvements to trading infrastructure, collaborative workspaces, client facilities and other essential business operations.

Oppenheimer Holdings Inc. President and CEO Robert Lowenthal said, “Keeping our global headquarters in Lower Manhattan was a natural choice for us. Our business traces its roots to 2 Wall Street in 1881, just blocks from our new home at 32 Old Slip. What keeps us here today is the ability to draw on New York’s deep pool of talent and its culture of innovation across financial markets.”

The company will occupy space cross six full floors of the 36-story building, with a phased move-in targeted to begin in the first quarter of 2028.  To support Oppenheimer’s capital investment, Empire State Development has awarded the company a $3.2-million capital grant.