Investment bank, wealth manager, and Oppenheimer Holdings subsidiary, Oppenheimer & Co, Inc. announced on Tuesday it has appointed Rahul Buxani as its new Managing Director focused on Fintech. According to Oppenheimer, Buxani’s appointment is part of a significant strategic expansion of its commitment to the technology industry under the leadership of Robin Graham, Head of Technology Investment Banking. Buxani is also the latest prominent technology banking hire made by the Firm, including Nitin Doke in Software, Cloud & IT Infrastructure and Angie Phamin Internet and Digital Media.
Buxani has more than 15 years of experience with the financial technology industry and has advised on a wide variety of M&A, private equity and capital-raising transactions for clients across the financial technology spectrum in North America, Europe, Asia-Pacific, and Latin America. Prior to joining Oppenheimer, Rahul was the Head of Financial Technology Investment Banking at Ernst & Young Capital Advisors in New York. Prior to Ernst & Young, he was a Vice President in the financial institutions group at J.P. Morgan, and on the business and product development team for the London Stock Exchange Group. Speaking about Buxani’s appointment, Graham stated:
“Financial technology companies are among the most innovative and disruptive, bringing sweeping changes and efficiencies to the financial services sector from payments to lending. Oppenheimer’s continued investment in areas of significant new company formation such as FinTech demonstrates our commitment to connecting the emerging cohorts of value-creating private companies to durable sources of growth capital and strategic partners. Rahul’s expertise and experience will provide the best insights and service to our clients across the financial technology sector.”
Buxani added:
“Post financial crisis, financial technology has evolved considerably to focus on the consumer, and rightly so. Changes in consumer needs and behavior have inspired a significant innovation drive in financial services, and these innovations in turn, have forced the industry to embrace higher standards of ethics, transparency, efficiency, and service quality. Consumers are more empowered and now interact with financial services companies in vastly different ways than they did just 10 years ago. I’m proud to join a Firm that recognizes this important connection between technology and people, and happy to see Oppenheimer continually investing in future-defining sectors as part of their vision.”