Guggenheim Partners signaled its intention to continue building out its investment bank on Wednesday, announcing that it has hired Glenn H. Schiffman, a longtime deal maker at Lehman Brothers.
Mr. Schiffman, who’s joining as a senior managing director, was most recently at the Raine Group, a boutique investment bank focused on the media and entertainment industries. Previously, he served as the head of investment banking in the Americas at Nomura of Japan.
And before that, he was the head of investment banking for Asia ex-Japan for Nomura and for Lehman Brothers. Mr. Schiffman joined Nomura in the fall of 2008 after it bought the Asian operations of the failed American investment bank.
“Over the years, I’ve had the opportunity to work with Glenn on both sides of the table in numerous projects, and have witnessed first-hand his client impact and ability to serve as a trusted adviser,†Alan Schwartz, Guggenheim’s executive chairman, said in a statement. “Glenn’s track record both in building and managing successful businesses and in advising clients in major transactions is unmatched, and I am very pleased to have him join our growing team.â€
His arrival signals the continuing growth of Guggenheim, which has sought to bolster its investment banking arm. That push began in 2009 when the firm hired Mr. Schwartz, the former chief executive of Bear Stearns.
Guggenheim has also hired the likes of Ross Levinsohn, the former interim chief executive of Yahoo; Henry Silverman, a vice chairman of Apollo Global Management; and Herbert Lurie, a onetime senior banker at Merrill Lynch.
