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Guggenheim Securities Hires Steven Friedman to Expand Financial Institutions Practice

NEW YORK, March 03, 2016 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Steven Friedman will join the firm as a Senior Managing Director in the Financial Institutions Group, focusing on the insurance sector.

"We are looking forward to welcoming Steven to Guggenheim,” said Mark Van Lith, Co-CEO and Head of Investment Banking at Guggenheim Securities. “Steven’s client focus and deep understanding of the insurance industry will enhance our ability to deliver innovative ideas to clients in this important sector. We are excited to have him join our team.”

Mr. Friedman joins from Greenhill & Co., where he served as Head of Financial Services. Prior to joining Greenhill, he served as Co-Head of the North American Insurance practice at UBS Investment Bank, following his time at Credit Suisse First Boston as a member of the Financial Institutions Group. Mr. Friedman began his career as a lawyer with White & Chase.

Mr. Friedman graduated from The Wharton School of Business at the University of Pennsylvania and received his J.D. from Tulane Law School.

About Guggenheim Partners

Guggenheim Partners is a global investment and advisory firm with more than $240 billion1 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 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.

1 Assets under management as of 12.31.2015 and include consulting services for clients whose assets are valued at approximately $47bn.

Media Contact Anthony Lacavaro Guggenheim Partners T: (212) 908 - 5098 E: Anthony.lacavaro@guggenheimpartners.com

Source:Guggenheim Securities