Jeffrey Alfano resigned as CFO of Oppenheimer Holdings Inc. and its principal operating subsidiary, Oppenheimer & Co. Inc., effective on or about March 1 to pursue other professional opportunities.

Oppenheimer Holdings appointed Oppenheimer's controller, Salvatore Agosta, to serve as interim CFO who will assume the duties of principal financial officer and principal accounting officer of the company, effective upon Alfano's departure. Agosta has been employed by Oppenheimer since 2002.

The board of Oppenheimer Holdings and Oppenheimer intend to conduct a search of potential internal and external candidates to replace Alfano.