Guggenheim Investments has appointed Jerry Miller, former head of asset and wealth management Americas at Deutsche Bank, as president.
Based at the firm's New York office, Miller will now oversee the firm’s $217 billion asset management business.
He is stepping into a vacant leadership position that had previously been held by John Klein, according to a Guggenheim spokesperson.
Klein left Guggenheim in 2014 after issues were raised concerning an alleged sexual harassment claim, according to a Barron’s report. Following Klein’s departure, Guggenheim Partners' global chief investment officer Scott Minerd assumed the position of president on an interim basis.
From 2013 to 2016, he was responsible for Deutsche's wealth management growth in North and Latin America. He oversaw a platform that is currently comprised of approximately $400 billion in assets across both active and passive investments, traditional and alternative strategies, as well as wealth management and advisory services, according to his LinkedIn page.
Prior to working at Deutsche, he was president and chief executive at $120 billion asset manager Van Kampen Investments. He has also held multiple senior positions at American Beacon Advisors, Morgan Stanley and Merrill Lynch.
‘Jerry is a highly respected executive with extensive management experience who possesses a deep understanding of all facets of leadership and of the asset management business, and we are excited to have him join us,’ said Mark Walter, chief executive of Guggenheim Partners.
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, which has $260 billion in total assets under management.