Company Press Release

Guggenheim Investments Hires Joseph Burschinger as Chief Risk Officer in Portfolio Management

Hiring Underscores Firm’s Longstanding Commitment to Exceptional Performance and Active Risk Management
Guggenheim Investments, the investment management and advisory business of Guggenheim Partners, today announced the hiring of Joseph M. Burschinger as Senior Managing Director and Chief Risk Officer, Portfolio Management. Mr. Burschinger joins Guggenheim after 13 years at Los Angeles-based asset-manager TCW Group Inc., most recently as Executive Vice President and Chief Risk Officer.

“We are pleased to have Joe join us as Chief Risk Officer focused specifically on risk management of our diverse portfolio strategies,” said Scott Minerd, Global Chief Investment Officer. “Adding Joe’s deep expertise underscores our unwavering commitment to safeguard our clients’ assets and continuously analyze and actively manage portfolio risks while maintaining high standards of performance.”

In his new role at Guggenheim, Mr. Burschinger will report to Mr. Minerd and proactively manage and advise on potential portfolio risks to best ensure investment objectives are achieved in a disciplined and consistent fashion. He will work with portfolio managers to further advance Guggenheim’s capability to identify, measure, monitor, and actively manage all types of potential portfolio risk attributes.

Prior to joining TCW in 2000, Mr. Burschinger spent five years as a Senior Manager in Arthur Andersen’s Financial Services Business Consulting Group in Los Angeles. Earlier in his career, he worked as a supervisor with the Federal Reserve Bank of San Francisco, Los Angeles Branch, and an economic analyst with the U.S. Securities and Exchange Commission.

Mr. Burschinger holds an M.B.A. in International Finance from the University of Southern California’s Marshall School of Business and a B.A. in Economics from Santa Clara University.

About Guggenheim Partners

Guggenheim Partners is a privately held global financial services firm with more than $190 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.