Paul Clemente has joined Oppenheimer & Co., a wealth manager, investment bank and subsidiary of Oppenheimer Holdings, as an executive director of investments, Oppenheimer announced yesterday.

Clemente, who previously was with Raymond James, also will serve as Oppenheimer’s regional manager for Eastern Pennsylvania, and branch manager for its Haddon Township, N.J., office.

In these roles, Clemente will be responsible for growing Oppenheimer's presence in the region, which includes 40 financial advisors that manage about $3.1 billion in client assets, while managing the day-to-day operations at the Haddon Township branch.

Clemente previously served for nearly eight years as Raymond James sales development manager in the Delaware Valley Complex and branch manager in the Mt. Laurel, N.J., office. Before that, he held leadership positions at Boenning & Scattegood, an independent securities, asset management and investment banking firm.

Clemente's appointment follows a series of moves by Oppenheimer’s private client division during the first half of 2022. In March, it announced the launch of an interconnected and intuitive wealth management technology platform, Investor Gateway, which along with an updated, client-facing mobile app, provides advisors and their clients with new digital tools. Also this year, the firm opened a new office in Nashville, Tenn.