Oppenheimer hires former Stern Brothers managing director Vien Le

BY SourceMedia | MUNICIPAL | 02/25/26 06:00 AM EST By Jessica Lerner

Oppenheimer hired former Stern Brothers Managing Director Vien Le to join the firm's public finance investment banking group.

Le will work out of Oppenheimer's Los Angeles office and report to Beth Coolidge, managing director and head of public finance at the firm, who in the two years since joining has beefed up the team, the firm said in a press release.

Le has spent over two decades in the muni industry. During this time, he has advised public-sector clients on complicated financings across a variety of infrastructure sectors and worked with issuers, including the Los Angeles Department of Water and Power, the state of California, and the city of Los Angeles, Oppenheimer said.

He will focus on California while also supporting clients across the west, including Oregon and Washington, the release noted.

"Vien is a high-caliber addition to our public finance team and a strong fit for how we serve clients," Coolidge said in a statement. "His experience, relationships and practical understanding of issuer priorities will help us expand our capabilities and continue building momentum in the west."

"I'm excited to join Oppenheimer," Le said in a statement. "The firm has built a platform that is well-positioned for growth, and I look forward to working with Beth and the team to support issuers with thoughtful financing strategies tied to long-term community needs."

Along with Stern Brothers, Le has held public finance roles at UBS, Loop Capital Markets, Ramirez & Co. and Cabrera Capital Markets, according to the release.

Oppenheimer currently ranks as 44th among underwriters year-to-date, accounting for $49.14 million in par. The firm ranked 35th among underwriters in 2025, accounting for $1.295 billion in par, according to LSEG.

The firm recently hired Guy Logan as managing director, head of infrastructure and the mid-Atlantic region.

"Our public finance business continues to grow because we stay focused on talent, leadership, and client service," Coolidge said in a statement. "Vien's experience and relationships will add real depth as we build on that momentum across the West Coast."

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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