Guggenheim Partners LLC is in talks to add another senior banker to its burgeoning restructuring practice, according to two people familiar with the situation.
Guggenheim is in discussions with Peter J. Solomon’s Ajay Bijoor about joining the firm as a managing director, said the people, who asked not to be identified because the move isn’t final.
Bijoor would follow Peter J. Solomon’s Durc Savini in coming to Guggenheim, which also recently hired two managing directors from Miller Buckfire & Co. The investment and advisory firm is looking to bolster its restructuring practice at a time when defaults are on the rise and distressed companies are finding it tough to raise money.
Bijoor, who declined to comment, has been at Peter J. Solomon since 2012. He focuses on retail and media, and recently worked with Quiksilver Inc. -- a chain that filed for bankruptcy last year.
Anthony Lacavaro, a spokesman for Guggenheim, declined to comment. Peter J. Solomon’s Diane Coffey didn’t immediately respond to a request for comment.