Guggenheim Securities, the investment banking unit of New York and Chicago-headquartered Guggenheim Partners, has hired veteran insurance analyst Bijan Moazami as a managing director in its Washington, D.C. office.

In his new role, Moazami will focus on the property-casualty insurance sector as part of the firm’s equity research team.

Moazami joins Guggenheim from Height Securities in Washington, where he founded the firm’s investment banking practice. He has previously worked as a managing director at FBR Capital Markets, as well as encompassing a role at Morgan Stanley.

Guggenheim Partners is a privately held global financial services firm with more than $180 billion in assets under management as of 30 June 2013.