Guggenheim Said to Open San Francisco Office, Seek Bankers

  • Office is opening with 11 people, mostly investment bankers
  • Guggenheim has room to double headcount in new location

Guggenheim Partners, the investment bank and asset manager led by Chairman Alan Schwartz and Chief Executive Officer Mark Walter, opened an office in San Francisco for its securities division and plans to build the operation there by hiring dealmakers, according to a person familiar with the plan.

The office is starting with 11 professionals, mostly investment bankers focused on health care, restructuring, energy and technology deals, said the person, who asked not to be identified discussing a plan that hasn’t been announced. It also has staff for research and fixed-income and equity sales. The company has room to more than double the headcount in the office and is shifting some personnel there from other cities, the person said.

Guggenheim Securities, the investment banking division, is expanding after Mark Van Lith and Gerald Donini were promoted to co-CEOs last year. The firm secured roles on deals in 2015 including Allergan Plc’s agreement to combine with Pfizer Inc., and Ace Ltd.’s takeover of Chubb Corp. The two leaders have sought talent for restructuring, mergers and structured products, and expanded in regions including Europe.

Hoffman, Henkin

The San Francisco bureau is at 50 California Street. It will include Jeff Hoffman, a former JPMorgan Chase & Co. dealmaker hired last year to focus on medical technology deals who previously worked in New York. Also in the new office are ex-Jefferies Group restructuring banker Michael Henkin who was brought on in 2013, and renewable energy bankers Kyle Jones Baker and David Dolezal, formerly of Greentech Capital Advisors, the person said. Baker’s hiring was announced in December.

“If you look over our recent hiring, clearly we are interested in bringing on board great talent that has a strong client focus,” Anthony Lacavaro, a spokesman for Guggenheim, said in an e-mail.

Guggenheim Partners, headquartered in Chicago and New York, has a $240 billion asset manager and insurance operations. It also has an office in Santa Monica, California.

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