Guggenheim Securities, an investment bank that specializes in bonds backed by unusual assets such as franchise fees and tax liens, has its eyes on more traditional kinds of securitization.

The firm, which is a division of Guggenheim Partners, named Diane Rinnovatore as a senior managing director in its structured products origination business.

Rinnovatore has extensive experience in securitization of consumer debt, as well as strong relationships with banks, finance companies, marketplace lenders and other market participants. She joins in January from Star Mountain Capital, where she served as managing director.

Prior to Star Mountain, she served as managing director and co-head of securitized products origination, Americas, at Barclays. Rinnovatore also served as head of U.S. bank debt capital markets at Barclays and as head of consumer ABS at Lehman Brothers. 

She earned her Bachelor of Arts in Business Administration from Moravian College and Master of Business Administration from Hofstra University.

Some of Guggenheim’s biggest rated deals this year were in whole business securitization, or bonds backed by all, or nearly all, of the cash flow generated by a company. It led three transactions, by Domino’s Pizza, The Wendy’s Co., and Dunkin’ Brands.

It also led transaction backed by tax liens and hotel rennovation.

“We are excited to grow our structured products origination capabilities by adding Diane’s wide-ranging experience advising structured products clients,”  Mark Van Lith, co-CEO of Guggenheim Securities, said in a press release.

At Guggenheim, Rinnovatore will be reunited with a Cory Wishengrad, head of structured products origination, whom she worked with with for almost 15 years at Lehman and Barclays.

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