New York-based Fahnestock Viner Holdings Inc. has named Tom Robinson as the new president of Oppenheimer Asset Management Inc., a wholly owned subsidiary.

Robinson was formerly chief investment officer for Oppenheimer Investment Advisors. Oppenheimer Asset Management’s business includes Oppenheimer Investment Advisers, three investment management consulting programs (Investment Advisory Service, Strategic Asset Review and Portfolio Advisory Service), a broker-managed wrap program (OMEGA) and Advantage Advisers (which includes publicly listed closed end funds and alternative investment offerings). Total managed assets are approximately US$8 billion.

Fahnestock subsidiary Fahnestock & Co. Inc. completed the purchase of the U.S. Oppenheimer Asset Management division of CIBC World Markets Corp. in June.

“I am excited about taking on the responsibility for one of the best asset management platforms in the industry,” said Robinson in a news release. “We have terrific professionals who are able to provide the services and products for our demanding clients.”

“The asset management business is at a critical juncture in its development, full of opportunity, and I look forward to working with our team to take our platform to the next level and lead the industry.”