Oppenheimer & Co., Chicago, has hired John E. Gilchrist, former chairman of First Chicago Capital Markets Inc., as senior vice president. He will develop investment strategies for high-net-worth clients.

Mr. Gilchrist, a founding director of the First Chicago Section 20 securities affiliate, was chairman from 1988 to 1995. He left following the announcement of the bank's merger with NBD Bancorp.

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