Private financial services firm Guggenheim Investments has recruited Penny Zuckerwise as a senior managing director and head of institutional distribution. She will handle the expansion of the firm's global institutional distribution operations and adviser and customer relationship management.

Previously, Zuckerwise was with Russell Investments' Americas Institutional Unit as CEO. She has also served at Utendahl Capital Management and Chancellor LGT Asset Management.

Click here for the release from Globe Newswire.