New York- and Chicago-headquartered Guggenheim Partners has promoted Tyler Page to head of hedge fund solutions for Europe based in London.

Up until now, Page has been working as global head of business development for Guggenheim Fund Solutions, leading marketing efforts resulting in several billion dollars of commitments to the Guggenheim hedge fund managed account platform, the firm said in a statement.

The move is part of the firm’s plans for European expansion.

“We are growing our business rapidly throughout Europe as institutional investors seek to improve the quality and transparency of the hedge fund reporting they receive, address a shifting regulatory environment and improve their own risk management,” said Page.

Page will, amongst other things, head the firm’s hedge fund managed account platform which enables clients to make informed allocation decisions and to mitigate the risks associated with direct hedge fund investing. The platform also features a rigorous operating and control environment, best practices for governance, Irish-domiciled funds and oversight of all counterparts and service providers.

Earlier in his career, Page held senior-level positions at various investment banks including Goldman Sachs and Lehman Brothers. He began his career as an attorney focusing on derivatives with Davis Polk & Wardwell. Throughout his career, he has worked on a wide range of bespoke investment solutions for both institutional and private clients.

Guggenheim Partners is a privately-held global financial services firm, with over $180 billion in assets under management.

The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals.