Guggenheim Hires Ex-Deutsche Bank’s Humphrey for Securities

  • Humphrey led debt businesses at Lehman Brothers, Barclays
  • Guggenheim has been hiring talent for securities division

Guggenheim Partners, the firm run by Chief Executive Officer Mark Walter and Chairman Alan Schwartz, added ex-Deutsche Bank AG executive Tom Humphrey for its securities division.

He will be a senior managing director based in New York and will focus on broadening client relationships, the firm said in a statement. Humphrey, who has also worked at Lehman Brothers Holdings Inc., was head of corporate banking and securities in the Americas at Frankfurt-based Deutsche Bank.

Walter has been expanding Guggenheim Securities, the investment-banking unit, adding an office in San Francisco and talent in London in recent months. Guggenheim Partners has an asset-management operation and advises on corporate deals. And unlike some other boutique rivals, the firm has also dedicated resources to sales, trading and underwriting of securities.

“The global investment bank business is evolving,” Humphrey said in an e-mail. “Guggenheim’s ongoing success reflects broad industry change and a return to the traditional investment-banking business model that focuses on clients and investors.”

Humphrey joined Deutsche Bank in 2014 and stepped down late last year. He previously spent two decades at Lehman and rose to become global head of fixed-income, currencies and commodities sales. He then helped run FICC distribution at Barclays Plc before joining GoldenTree Asset Management.

Deutsche Bank Exodus

At Deutsche Bank, Humphrey was hired to report to executives including Jacques Brand, the head of Americas who departed last month to join PJT Partners Inc. The German bank has been overhauling operations under tighter capital rules in Europe and has committed to shedding businesses and slashing thousands of jobs. The company said in November that John Pipilis and Chetankumar Shah were named co-heads of credit, replacing Humphrey after he decided to step down.

Humphrey will report to Gerald Donini, who was named co-CEO of Guggenheim Securities last year along with Mark Van Lith.

“His reputation and experience in building businesses, developing talent and partnering with clients are outstanding,” Donini said. “We look forward to his leadership.”

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