Guggenheim Investments, the investment management and advisory business of Guggenheim Partners, has appointed Joseph M Burschinger as senior managing director and chief risk officer, portfolio management.
Burschinger joins Guggenheim after 13 years at Los Angeles-based asset-manager TCW Group, 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," says Scott Minerd, global chief investment officer. "Adding Joe's deep expertise underscores our unwavering commitment to safeguard our clients' assets and continuously analyse and actively manage portfolio risks while maintaining high standards of performance."
In his new role at Guggenheim, Burschinger will report to 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, 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 US Securities and Exchange Commission.