Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, has hired Cory Wishengrad as a senior managing director.
Mr. Wishengrad will focus on further developing the firm’s capabilities in asset-backed securities. He will join Guggenheim Securities in February.
Alan Schwartz, executive chairman of Guggenheim Securities, said: "We are pleased to welcome Cory to our team. His expertise in asset-backed financing will help us take our structured products business to the next level in serving our clients."
Wishengrad said: "Guggenheim Securities is the optimal platform for the structured products business. Their established investment banking franchise in key industry sectors such as Retail, TMT, Healthcare, Industrials and FIG and their securitized products sales and trading capabilities will complement the securitization team’s efforts to offer the most effective, tailored and complete solutions for clients."
Mr. Wishengrad joins Guggenheim from Barclays, where as co-head of the Securitized Products Origination Group, Americas, he led landmark transactions such as the US$1.675 billion Domino’s Pizza (2012) and US$1.15 billion CKE Restaurants (Hardee’s/Carl’s Jr.) (2013) whole business securitizations, the US$1.1 billion Iconix (2012/2013) brand licensing securitization program, the US$1.8 billion American Tower (2013) and US$1.33 billion SBA Communications (2013) wireless tower securitizations and the US$500 million Miramax (2011) film library securitization, among many others for clients such as Hertz, Avis and J.G. Wentworth. Mr. Wishengrad joined Barclays from Lehman Brothers, which he joined in 1999 and where at the time of Barclays’ acquisition of Lehman he led the Esoteric Asset-Backed Securities group.
Mr. Wishengrad holds a B.A. from Dartmouth College and a J.D. from Harvard Law School.