Guggenheim Capital Markets Opens Midwest Sales Office

NEW YORK, July 22 /PRNewswire/ -- Guggenheim Capital Markets, LLC ("GCM"), a registered broker/dealer headquartered in New York City and a subsidiary of Guggenheim Partners, LLC, today announced its launching of a Midwest sales office, to operate out of Guggenheim Partners' headquarters in downtown Chicago. The new team will enhance and expand coverage currently being handled from GCM's New York and West Coast offices.

The Chicago sales team will be led by David Connelly, a seasoned veteran who spent the past 24 years with Bear Stearns and was head of fixed-income sales there for the past 17 years. He will be joined by Tom Unger, previously with UBS AG, as well as JP Gagne, Robert Pritchett, Kevin Smith, and Brian Vanselow, all of whom were previously with Bear Stearns. "We believe it an opportune time to expand our level of service along with our expanding product lines," said Ron Iervolino, head of GCM's sales and trading desk. "Dave along with the rest of the team will be instrumental as we both broaden and deepen our commitment to fixed income." Connelly added, "I'm delighted to join an organization such as Guggenheim where the emphasis on innovation and client service have produced such strong results, and look forward to helping the firm continue its growth in fixed income."

Guggenheim Capital Markets, LLC is a broker/dealer focusing on sales and trading of structured fixed-income products, raising debt and private equity for middle market companies, and raising funds for private equity funds and hedge funds. The firm differentiates itself by its focus on customer needs and customization, utilizing an independent value-driven approach to fixed income structuring and trading for institutional clients. Guggenheim Partners, LLC offers financial services expertise within its asset management, investment advisory, capital markets, institutional finance, and merchant banking business lines. Our clients consist of an elite mix of individuals, family offices, endowments, foundations, insurance companies, pension plans and other institutions that together have entrusted the firm with supervision of more than $100 billion in assets. A global diversified financial services firm, Guggenheim Partners office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong and Dubai. Additional information can be found at: http://www.guggenheimpartners.com.