Two recruits aid Guggenheim’s push into property

Guggenheim Partners has hired two real estate finance specialists in London as part of its plans to expand into European real estate. Arrif Ali and John Cole joined the global financial services firm last month. Ali was previously at Heron International, where he had a corporate finance role, while Cole was head of lending at LBBW’s London branch.

Guggenheim Partners signalled its ambitions to expand into real assets last year when it held talks to buy Deutsche Bank’s asset management business, later focusing on the RREEF real estate and infrastructure arm alone, before the talks ended. In March, Guggenheim appointed Henry Silverman to a new position as head of real estate.

Thomas Mulligan, a spokesman for the company, said: “Guggenheim Partners considers real estate and infrastructure to be a promising investment theme, both in the US and internationally. “The hiring of John Cole and Arrif Ali in the new London office is in keeping with that theme.”