Deals
Rattner Wins SEC Approval for Dealmaking Role With Guggenheim
- Rattner may advise media clients, regulator says in order
- Application calls for regular meetings with compliance staff
Steven Rattner.
Photographer: Jonathan Fickies/BloombergThis article is for subscribers only.
Steven Rattner, the money manager and former leader of the U.S. bailout of the auto industry, won regulators’ approval to work on deals for the investment-banking unit at Guggenheim Partners.
Rattner would be paid by Guggenheim based on fee income that the firm earns on his deals, according to an order dated Monday from the U.S. Securities and Exchange Commission approving a potential role. His work could include advising clients in the media industry, the document shows. The ruling opens a path for him to bring transactions to Guggenheim without being a full-time employee, according to two people familiar with the arrangement who asked not to be identified discussing a private deal.