Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that Joel Foote will join the firm as a senior managing director in the Energy group. Foote will focus on advising companies in the oil & gas sector, and will commence work at Guggenheim in July.

“We are excited to expand our energy investment banking practice,” said Mark Van Lith, Co-CEO and Head of Investment Banking at Guggenheim Securities. “Joel has had an impressive track record of advising midstream, upstream and downstream energy companies and structuring and facilitating creative capital solutions. Joel will help drive our strategy to build a premier energy practice that delivers innovative solutions to our energy clients across a diverse set of products, including M&A advisory, restructuring advisory and equity and debt financing.”

Foote added, “Under Alan Schwartz's leadership, Guggenheim has built many industry verticals and product teams comprised of the most talented professionals on Wall Street. The energy business has always been dynamic and the challenges and opportunities that exist for our clients today are as unique as any that I have seen in the 20+ years that I've been covering the energy business. With Guggenheim's world-class advisory, restructuring and financing platform, I look forward to building a leading Energy investment banking business.”

Foote joins from Citigroup, where he served as Managing Director and Head of the Energy Equity Capital Markets Group. Prior to Citi, he served as a Managing Director at UBS, where he was responsible for the Energy, Utility and Alternative Energy sectors. He began his career at Salomon Brothers in 1994, and has spent the last two decades financing the Energy and Power space.

Guggenheim Partners is a global investment and advisory firm with more than $240 billion in assets under management.