- Frangenberg named senior managing director, based in New York
- Restructuring and debt bankers from Jefferies joined in 2015
Guggenheim Partners, the firm run by Chief Executive Officer Mark Walter, hired Gunter Frangenberg from Jefferies Group to focus on advising chemical companies.
Frangenberg will start in July as a senior managing director, Guggenheim said Monday in a statement, and he’ll be based in New York. He worked at Jefferies as the Americas head of chemicals banking, according to Guggenheim.
Walter has been expanding his firm’s investment banking and capital markets division, called Guggenheim Securities. Frangenberg is joining the industrials group after ex-Rothschild banker Geoff Blythe was brought on last year to focus on the sector. The firm has also added dealmakers for power, energy and renewables transactions, and talent for structured products and restructuring.
“Gunter’s vast experience and deep industry expertise within the chemicals sector will further strengthen our industrials practice,” Mark Van Lith, co-CEO of Guggenheim Securities, said in the statement.
Frangenberg follows ex-Jefferies bankers Alexander Rohan and John Fargis in jumping to Guggenheim. Andrew Hall and Anthony Guido were also added from Jefferies last year to sell high-yield debt. Richard Khaleel, a spokesman for New York-based Jefferies, had no immediate comment.
Frangenberg has a Ph.D. and a law degree from Bonn University, as well as a master’s degree in law from Duke University, Guggenheim said. He previously worked for Bank of America Corp. and Deutsche Bank AG.