Oppenheimer & Co, the principal wealth management subsidiary of Oppenheimer Holdings, has hired Kevin Schultze as managing director for the Financial Institutions Group.

Schultze joins the firm from Stone & Youngberg, where he managed a team that provided research and strategy ideas to institutional clients. Prior to that, he was a vice president and lead senior analyst for RBC Dain Rauscher and president of Community Bank and Thrift Advisory Services.

At Oppenheimer, Schultze will be responsible for providing detailed portfolio analytics to banks, insurance companies, trust companies, savings and loans, credit unions, and municipalities. He reports directly to Robert Lowenthal, senior managing director of taxable fixed income sales and trading.

Oppenheimer & Co provides a range of wealth management, securities brokerage, and investment banking services to high net worth individuals, local governments, businesses, and institutions. It has around 90 offices worldwide.