Guggenheim Securities Expands Equity Capital Markets Practice

NEW YORK, Oct. 8, 2014 /PRNewswire/ -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners ("Guggenheim"), today announced the appointment of Richard E. Gormley as Senior Managing Director, Head of Equity and Equity-linked Finance, with responsibility for leading the traditional and alternative capital markets businesses.  Mr. Gormley is joined by James Lee, Managing Director, and Michael Jiang, Associate, as part of the expansion of Guggenheim's corporate finance practice.

"We are pleased to welcome Richard and his team," said Alan Schwartz, Executive Chairman of Guggenheim Partners and CEO of Guggenheim Securities. "Richard's longstanding track record and stellar reputation in the growth financing markets underscores our commitment to hiring senior talent with deep experience as we continue to invest in our investment banking and capital markets capabilities." 

Mark Van Lith, Head of Investment Banking at Guggenheim, added: "Richard and his team will complement and enhance the Firm's existing focus on providing innovative financing solutions to our clients."

"James, Michael and I are excited to join the Guggenheim team," Mr. Gormley said. "The Firm has great momentum. Clients crave thoughtful, objective strategic and financial advice from their bankers. Guggenheim's approach of providing rigorous intellectual capital through a partnership culture in the service of clients is powerful. We look forward to working with our new partners in offering clients valuable ideas and best-in-class execution."

Mr. Gormley has nearly 30 years of experience in the investment banking and capital markets industry, having completed $20 billion of public and private financing transactions across a variety of industries and securities structures. Most recently, he was a Vice Chairman of Lazard Frères, where he led the firm's prolific Alternative Capital Finance business. Prior to Lazard, he was a Managing Director and held senior leadership positions in the capital markets businesses of Cowen and Company and Rabobank International. Mr. Gormley began his career in the corporate finance groups at Citibank and Nesbitt Burns Securities (and its predecessor companies, including Security Pacific/Burns Frey).

About Guggenheim Partners

Guggenheim Partners is a global investment and advisory firm with more than $210 billion in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With more than 2,500 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We invite you to learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.

SOURCE Guggenheim Partners