Guggenheim Aviation Partners Opens Singapore Office and Appoints New Director
LONDON, Oct. 20 /PRNewswire-AsiaNet/ --
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 $737 million. Guggenheim Aviation Partners, LLC now has in excess of $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 $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
SOURCE Guggenheim Aviation Partners Ltd.
CONTACT: Jeffrey Kelley of Guggenheim Partners, LLC,
+1-212-739-0655
mobile, +1-312-480-9322,
jeffrey.kelley@guggenheimpartners.com
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