Oppenheimer & Co. said that it has hired two managing directors in its investment banking unit. The newcomers will be based in New York, reporting to Marshall Heinberg, who heads Oppenheimer's investment and corporate banking operations.

Richard NeJame will head restructuring and special situations advisory. He joins Oppenheimer from Gleacher & Company where he was a managing director and co-head of the restructuring and recapitalization group, responsible for new business origination of restructuring and leveraged finance transactions. Previously, NeJame was at Lazard Freres and Imperial Capital.

"Oppenheimer represents a unique, independent platform for advising both issuers and institutions in leveraged and distressed situations,” NeJame said. “I look forward to working with my new colleagues in banking and capital markets in bringing strategic advice and creative solutions to our clients."

Heinberg expressed pleasure that NeJame has come on board to help expand Oppenheimer’s investment banking capabilities. "Richard's impressive track record in new business origination, restructuring and reorganization, plus his strong technical background, make him a valuable member of our investment banking team," Heinberg said.

The other new managing director at Oppenheimer is Paul Vasilopoulos, who will be head of telecom in the firm's investment banking department. He comes from the Bank Street Group, where he was a managing director in its communications infrastructure and services group, focusing on data centers, broadband transport, competitive carriers, wireline, wireless and cable sectors. He also has worked for Deutsche Bank, Morgan Stanley, Bear Stearns, and AT&T – Bell Laboratories.

"Oppenheimer's entrepreneurial culture and successful investment banking practice will help me continue to build client relationships and deal flow," Vasilopoulos said.

Heinberg stated that Vasilopoulos is the ideal candidate to head Oppenheimer’s telecommunications group. "Paul brings to our firm a solid understanding of the telecommunications sector,” Heinberg said. “He has been an experienced investment banker and strong manager of professional teams. Paul has had a distinguished career as a highly regarded senior banker across a broad range of telecom subsectors.”

Donald Jay Korn writes for On Wall Street.