OppenheimerFunds Hires Kirk Reid as Head of Operations

Jan 04, 2016, 14:30 ET from OppenheimerFunds, Inc.

NEW YORK, Jan. 4, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced that Kirk Reid joined the firm as Head of Operations. In this role, Reid will be responsible for developing and implementing platforms, processes, and capabilities required for the firm to continue to grow its retail business while further expanding in the high-net-worth and institutional spaces. Reid will be based in Denver and will report to Eric Meltzer, OppenheimerFunds' Chief Technology and Operations Officer.  

"Kirk's appointment underscores our focus on delivering best in class business outcomes for our clients," said Art Steinmetz, OppenheimerFunds' Chairman and CEO.  "Kirk is an accomplished expert in his field, and we're delighted to have him join the firm to help develop and build operating infrastructure across OppenheimerFunds."

Prior to joining OppenheimerFunds, Reid served as Senior Vice President, Global Institutional Operations, at Janus Capital Group, where he led an international team that oversaw operations for Janus's five separate and distinct asset managers. He previously was responsible for Retail Marketing Analytics and Business Intelligence and was a Director of Retail and Call Center Operations at Janus. He started his career at Janus in 1995 as an Investor Service Representative.

"Kirk brings robust experience in global operations that will help our firm build the future state operating infrastructure to support significant growth," said Meltzer. "He will help lead the transformation from a federated to a centralized business model."

"OppenheimerFunds is a widely respected global asset manager that recognizes the importance of serving its clients through progressive and agile operating infrastructure," said Reid. "I look forward to helping the firm continue to develop and strengthen its operations strategy and capabilities."

About OppenheimerFunds

OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2015.

Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing active, innovative investment strategies to its investors. The firm's 14 distinct, collaborative investment management teams specialize in equity, fixed income, alternative and multi-asset strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors serving individual investors. OppenheimerFunds provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.

Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281

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SOURCE OppenheimerFunds, Inc.