EBACE Convention News

New jet financing firm is created

 - May 22, 2007, 8:11 AM

Guggenheim Partners and UBS have formed Guggenheim Aero Finance, a corporate jet financing company that will combine worldwide reach with a streamlined approval process to offer aircraft financing solutions to individual and corporate buyers of new and pre-owned corporate jets.

The business will be led by two seasoned aviation executives, managing directors and founding partners Claude Franco and Bob Peart. “We are confident that we have put together a strong team to capitalize on opportunities in this growing and dynamic market,” said Guggenheim Partners managing partner Dominic Curcio.

“GaFCo’s executives bring extensive international experience as well as strong relationships that, when coupled with Guggenheim’s and UBS’s global networks of wealth management professionals, will provide a strong platform for a successful business,” Curcio said.

“There are great synergies that exist between UBS and Guggenheim Partners,” added David Martin, managing director and global head of rates at UBS Investment Bank.

Guggenheim Partners oversees more than  $125 billion in assets under supervision and has established a track record in the air freight business. UBS is one of the world’s biggest financial services firms, overseeing more than $3 trillion.