Guggenheim Partners LLC, the $180 billion asset-management firm whose executives own a stake in the Los Angeles Dodgers, hired Glenn H. Schiffman, the former head of Asia-Pacific investment banking at Lehman Brothers Holdings Inc., to expand its investment banking unit.
Schiffman, who also served as head of investment banking for the Americas and chief executive officer of Nomura Securities North America and most recently was a partner at Raine Group LLC, will be a senior managing director at Guggenheim, according to a statement today from the Chicago and New York-based firm.
“Over the years, I’ve had the opportunity to work with Glenn on both sides of the table in numerous projects,” Alan Schwartz, executive chairman of Guggenheim, said in the statement. “His extensive experience advising across domestic and international situations will be invaluable to Guggenheim and to our clients.”
Guggenheim is hiring executives and expanding into businesses including merger advisory, digital media and hedge funds. CEO Mark Walter brought in Schwartz, former CEO of Bear Stearns Cos., in 2009 to help build operations such as full- service investment banking. Barclays Plc’s Andrew Taussig, who was head of investment banking for retail companies, joined Guggenheim last month, according to records on the website of the Financial Industry Regulatory Authority.
Henry Silverman, former chief operating officer of Apollo Global Management LLC (APO), joined last year and in March was named head of the real estate and infrastructure business. The firm also hired Ross Levinsohn this year to oversee a newly formed digital media unit.
Walter and Guggenheim Baseball Management led the $2.15 billion purchase of the Los Angeles Dodgers, announced in 2012. In September, Guggenheim, along with Mandalay Entertainment and Mosaic Media Investment Partners LLC, agreed to buy Dick Clark Productions, which produces “New Year’s Rockin’ Eve” and “The Golden Globes.”
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