Just a few weeks after its expansion into aviation finance, Guggenheim Capital Markets, LLC recently announced the hire of Ronald Iervolino as managing director of the company's structured finance unit and Steven Finnk as senior vice president in the trading group. The move is a reflection of Guggenheim's continued efforts to expand its presence in the capital markets.
Iervolino joins from First Albany where, as a managing director, he spent four years involved in credit-related trading across the ABS, RMBS and CMBS sectors. Prior to First Albany, Iervolino worked at Smith Barney, Donaldson Lufkin and Jenrette and UBS, where he ran various conduits and was responsible for the credit trading of residential, commercial and consumer related structured products. Finnk joins Guggenheim from United Capital Markets where he served as a senior analyst on the CDO and distressed ABS desk. Prior to UCM, Finnk managed CDO investments for AIG-SunAmerica.