Guggenheim Partners has established Guggenheim International, a new division dedicated to building cross-border strategic partnerships and providing solutions to sovereign, institutional, corporate, and high-net-worth clients across the globe.
"As Guggenheim continues to expand its breadth of capabilities, we are able to work with a broader range of clients on complex situations," says Todd Boehly, President of Guggenheim Partners. "By deploying our skill sets in a strategic and concerted way, we can provide sophisticated solutions that transcend borders – this is the goal of our new International division."
The first such project already being managed by Guggenheim International is Helios, a major European solar energy initiative designed to generate at least 10 gigawatts of photovoltaic power in Greece by 2020. In early March, Guggenheim was appointed as the strategic and financial advisor to the Hellenic Republic to support the design and development of Helios.
Guggenheim International’s President is Mark Medish, a former senior US Treasury and White House official with extensive experience in international and emerging markets. Ambassador Steven Jay Green serves as Guggenheim International’s Chairman. The group’s leadership team also includes Senior Advisor Daniel Lucich, who formerly served as Deputy Assistant Secretary for International Trade and Investment in the US Treasury Department. Messrs. Medish, Green and Lucich will be supported by an advisory board comprised of a prominent group of financial, industrial, regional, and policy specialists.
"Guggenheim Partners is an extraordinary organisation with an impressive combination of financial, advisory, and policy knowledge," says Green. "Guggenheim International will bring the firm’s unique, solutions-based approach to a broader set of clients and strategic partners around the world. Project Helios is an excellent example of the type of value that can be created with the right international collaboration."