Guggenheim Aviation Partners has launched an office in Singapore, and hired Stephen Barnes as director of marketing in Asia. Barnes previously was treasurer of Singapore Airlines.
Guggenheim Aviation Partners Ltd. (GAP), a leading participant in the commercial aircraft leasing market, today announced the opening of a representative office in Singapore and the appointment of Stephen Barnes as Director, Marketing (Asia).
“The Singapore office will work to further extend our global reach,” said Paul Newrick, GAP’s Managing Director. “We are extremely delighted to have Stephen join our efforts in expanding GAP’s capacity to more directly serve the Asia-Pacific region which we expect to experience tremendous growth in the aviation sector during the next decade.” Mr. Barnes commented, “I, too, am delighted to join Guggenheim and become part of a team with demonstrated expertise and a record of success, and look forward to furthering GAP’s global growth strategy.”
Mr. Barnes will be responsible for exploring and identifying regional opportunities for the acquisition, leasing and sale of commercial aircraft and sourcing of secured debt. He most recently served as Treasurer for Singapore Airlines, where he worked for more than seven years. During that time, he managed the airline’s capital and liquidity policies, currency and interest rate risks, as well as its financings and investments, including aircraft leasing and related activities. Previously, Mr. Barnes worked for Barclays Bank, where during his 16-year tenure he held positions in India, Hong Kong, Singapore and the United Kingdom.
Guggenheim Aviation Partners Ltd. supports its US affiliate, Guggenheim Aviation Partners, LLC, a private equity manager, in the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Through the purchase of aircraft at attractive prices and effective management of those assets, Guggenheim Aviation Partners, LLC seeks to provide investors with risk-adjusted returns above related benchmarks. Following the success of its first commercial aviation fund launched in 2005, Guggenheim Aviation Partners, LLC closed its second fund in 2007 with total capital commitments of US$737 million. Guggenheim Aviation Partners, LLC now has in excess of US$2.7 billion of commercial aviation assets under management, representing a broad range of Boeing and Airbus aircraft on lease to airlines and cargo operators around the world. Guggenheim Aviation Partners, LLC is an affiliate of Guggenheim Partners, LLC.
Guggenheim Partners, LLC offers financial services expertise within its asset management, investment advisory, capital markets, institutional finance, and merchant banking business lines. Our clients consist of an elite mix of individuals, family offices, endowments, foundations, insurance companies, pension plans and other institutions that together have entrusted the firm with supervision of more than US$100 billion in assets. A global diversified financial services firm, Guggenheim Partners office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong and Dubai. Additional information can be found at http://www.guggenheimpartners.com.