Guggenheim Partners has made seven senior hires for its prop trading division, Guggenheim Global Trading, and is poised to hire up to 150 traders for the unit scheduled to launch in September.
GGT is in the process of recruiting 20-25 experienced trading groups for its fundamental long/short equity, quantitative long/short equity, long/short credit and event-driven/risk arbitrage strategies.
Guggenheim has tapped Blue Ridge Capital vet Michael Carrieri as CFO and Shumway Capital Partners’ Michael Leopardi as director of operations. Carrieri has spent the last 10 years in the hedge fund industry while Leopardi spent the last eight years at SAC Capital Advisors.
Santosh Varki, chief technology officer, has spent most of the past 15 years with RBC Capital markets as managing director of the firm’s proprietary trading unit. Thomas Wynn, the new chief compliance officer, comes to GGT from Highbridge Capital Management where he served as a senior compliance officer.
GGT General Counsel David Worley has over 25 years’ experience in the financial industry, most recently as general counsel and chief compliance officer for Guggenheim Advisors, a hedge fund of funds operating on a managed account platform. Chief Risk Officer Jules Buxbaum, who has held various trading and risk management positions at Kidder Peabody, RBC Capital Markets, Credit Suisse and DiMaio Ahmad Captial, comes to GGT from Munich Re Asset Management where he headed quantitative research.
Sheryl Kaye, director of recruiting and due diligence was, most recently, chief operations officer for the investment banking division at Morgan Stanley’s non-Japan Asia region.
Guggenheim Partners is a privately held investment banking and advisory firm led by former Bear Stearns chief executive Alan Schwartz.