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Guggenheim Partners Poised to Quit Chicago, NYC for Miami
Following the lead of Citadel, another pillar of Chicago’s financial community is headed toward the exits, Crain’s Chicago Business reported. Multiple industry sources report that Guggenheim Partners, an investment firm which has employed roughly 1,000 people in the West Loop, is on the verge of deciding to move its headquarters to Miami, the Florida city to which Citadel recently decamped.
Guggenheim is jointly headquartered in Chicago and New York. It’s not known whether the New York headquarters also would shift south or how much the size of the Chicago office would be reduced.
But a source with direct knowledge of the pending move said top Guggenheim executives would be based in Miami, not Chicago or New York.
In a statement, a spokesperson for Guggenheim confirmed that the company has reduced its Chicago operation since the pandemic but didn’t comment directly on the headquarters shift, reported Crain’s.
- ◦Lease
