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Who was Scott Minerd? Guggenheim Partners financier, dies, aged 63

Scott Minerd
Scott Minerd

Guggenheim Partners Global Chief Investment Officer, Scott Minerd, has died, after suffering a heart attack during a regular workout.

The news Scott Minerd’s demise was announced by the Chicago based financial firm on Thursday.

According to the statement, he had become the public speaker for Guggenheim, along with serving as a senior leader and a mentor.

“Scott was a key innovator and thought leader who was instrumental in building Guggenheim Investments into the global business it is today,” CEO Mark Walter said in the statement.

Who was Scott Minerd?

Scott Minerd was the Founding Managing Partner, Global Chief Investment Officer & Chairman of Guggenheim Partners and a member of its Executive Committee.

Born and raised in Pennsylvania, Minerd attended the Wharton School at the University of Pennsylvania and the University of Chicago Booth School of Business and worked briefly at accountants Price Waterhouse.

He then moved to Wall Street, doing stints at Merrill Lynch and Morgan Stanley as a bond trader and then working closely with Bob Diamond, later Barclays chief executive, while both were at Credit Suisse First Boston.

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Minerd then retired to Southern California in his 30s.

In the late 1990s, he met Walter, who was running an insurance and investment firm, Liberty Hampshire, which would eventually become the foundation for Guggenheim Partners.

In his role as Chairman and Global CIO, he guided the firm’s investment strategies and leads research on global macroeconomics.

A former competitive bodybuilder, Scott was a highly regarded and trusted voice in the financial world.

His expertise was sought after in a range of financial matters, notably during times of significant financial developments affecting both micro and macroeconomic issues.

Scott, who was 63, was a regular guest and contributor to leading financial media outlets, including WSJ, FT, Bloomberg and CNBC where he shares insights on today’s financial climate.

Before founding Guggenheim, Scott was a Managing Director with Credit Suisse First Boston.

In this role, he oversaw trading and risk management for the Fixed Income Credit Trading Group and was responsible for trading business units, including corporate bonds, sovereign debt and derivatives securities.

Prior, he was Morgan Stanley’s London-based European Capital Markets Products Trading & Risk Manager responsible.

Minerd’s net worth

According to the LocalReport, Minerd was worth more than $325 million in 2021.

He has various sources of income and could make or spend millions managing Guggenheim’s investments.

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