Guggenheim Taps Zuckerwise To Head Institutional Distribution

Oct 27 2011 | 10:17am ET

Finance industry veteran Penny Zuckerwise will join New York-based Guggenheim Investments, an asset manager with $115 billion under management, as head of institutional distribution.

In her new role Zuckerwise will be responsible for the expansion of the firm’s global institutional distribution business as well as consultant and client relationship management.

Zuckerwise bring 30 years’ experience to her new post at Guggenheim, most recently as chief executive officer of Russell Investments’ Americas institutional division, where she managed the business and was a member of the Russell executive committee and global risk management committee. She has also held senior positions at a number of firms including:  president and CEO of Utendahl Capital Management, president and COO of Chancellor LGT Asset Management; and, president, COO and chief administrative officer of Chancellor Capital Management (formerly Citicorp Investment Management).
“As we methodically grow our asset management business, it was clear that a next logical step was bringing on a veteran of Penny’s stature to help us expand our existing institutional relationships and build new ones both directly and through the consultant community,” said Todd Boehly, president of Guggenheim Partners and head of Guggenheim Investments. “Penny’s experience and counsel will be invaluable to the clients we serve and to the firm as a whole as we continue to build out a world-class investment management firm.”
Guggenheim Investments is the investment management business of Guggenheim Partners. The firm’s clients include institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries.

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