NEW YORK, March 8, 2012 /PRNewswire/ -- Guggenheim Partners, a diversified financial services firm, today announced that it has appointed Henry R. Silverman as a Senior Advisor and Vice Chairman of its investment management business, effective March 16, 2012. Mr. Silverman will be based in the firm's New York office and will play an instrumental role in advising Guggenheim's investment management business on its strategic development and growth initiatives. Mr. Silverman joins Guggenheim from Apollo Global Management, where he served as a Director and Vice Chairman of the Board and Member of the Executive Committee, and as its Chief Operating Officer from 2009 to 2011.
"We are honored to have such a highly respected entrepreneur, investor and manager join Guggenheim. Henry has a distinguished track record of recognizing business opportunities and building and leading companies to sustainable growth in a broad range of industries. I have no doubt Henry will bring strategic guidance and competitive drive to Guggenheim," said Todd Boehly, President of Guggenheim Partners.
"Henry's experience will be an invaluable resource as we continue to strategically expand our investment management capabilities," commented Scott Minerd, Chief Investment Officer of Guggenheim Partners.
"I am delighted to join Guggenheim at such a dynamic time in the firm's evolution. The organization has built an impressive trajectory of growth and success through its formidable platform and diversified client offering. I look forward to working with the team to help achieve the firm's long-term vision and to continue Guggenheim's tradition of excellence," said Mr. Silverman.
From 1990 to 2007, Mr. Silverman served as Chairman of the Board and CEO of Cendant Corporation and its predecessor HFS, as well as its successor company Realogy. Earlier in his career, Mr. Silverman served as chief investment officer at Blackstone Capital Partners I from 1989-1991, and Reliance Capital Group from 1982-1989.
Mr. Silverman is actively involved in several community and philanthropic initiatives. He was awarded the American Heritage Award from the Anti-Defamation League for Lifetime Achievement in fighting discrimination and was honored for his efforts in promoting diversity in the workplace by the Jackie Robinson Foundation and the U.S. Hispanic Chamber of Commerce. Mr. Silverman currently serves as a Commissioner of the Port Authority of New York and New Jersey, the Chairman of the Jacob K. Javits Convention Center and a Trustee of the New York University Langone Medical Center. He received a B.A. from Williams College and a J.D. from the University of Pennsylvania Law School, and he served as a legal officer in the U.S. Navy Reserve.
About Guggenheim Partners
Guggenheim Partners is a privately held global financial services firm with more than $125 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients across North America, Europe and Asia from more than 25 offices in 10 countries. For more information about Guggenheim Partners, visit www.guggenheimpartners.com.
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SOURCE Guggenheim Partners