The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
NEW YORK, June 19, 2014 /PRNewswire/ -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, today announced the hiring of Matt Bissonette as a Managing Director in the Fixed Income Division. Mr. Bissonette, who begins work in August and will be based in New York, will work on structured products transactions with a focus on Esoteric Asset-Backed Securities (ABS).
"Structured Products is a core focus for our investment bank," said Ronald J. Iervolino, Senior Managing Director and Head of Fixed Income at Guggenheim Securities. "We are pleased to welcome Matt, who will build on our established structured products origination, sales and trading team that works together with our investment banking coverage franchise to generate customized, value-added solutions for our clients."
Cory Wishengrad, Senior Managing Director, added: "Matt is the pre-eminent banker in telecommunications infrastructure securitization. His background and expertise in telecom and other non-traditional asset classes perfectly complement our leading franchise in Commercial and Esoteric ABS."
Mr. Bissonette joins Guggenheim Securities from Deutsche Bank, where as co-head of the Special Situations sector within Structured Credit, he focused on Esoteric ABS and related financing products. He has structured and led securitizations for many inaugural issuers and asset types, including wireless cell towers, ground leases, rooftop leases, broadcast towers, distributed antenna systems (DAS) and non-US assets. In addition to telecom infrastructure, his experience includes leading innovative structured products transactions across a wide range of esoteric asset types, such as net lease real estate and aircraft, among others.
Mr. Bissonette holds a B.S. in Economics from the Wharton School of the University of Pennsylvania.
About Guggenheim Partners
Guggenheim Partners is a privately held global financial services firm with more than $210 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance services, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients around the world from more than 25 offices in eight countries. For more information about Guggenheim Partners, visit www.guggenheimpartners.com.
SOURCE Guggenheim Partners