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Robert Khuzami, Prosecutor in Michael Cohen Case, Joins Guggenheim Partners

Robert S. Khuzami, the federal prosecutor in Manhattan who supervised the criminal case against President Trump’s former lawyer, is returning to the private sector as the top lawyer at Guggenheim Partners, the firm said on Tuesday.

Mr. Khuzami will be a managing partner at Guggenheim, which said in its announcement of his hiring that he would help steer the firm’s business operations in addition to running its legal and regulatory affairs.

Although Mr. Khuzami, 63, has previous Wall Street experience — he was general counsel for Deutsche Bank’s American arm in the 2000s — his job at Guggenheim will be his first senior role on the business side of a financial firm.

“His career in both private and public service makes him ideal for his new role at Guggenheim and we welcome him to our firm,” Mark Walter, Guggenheim’s chief executive, said in a statement.

In his own statement, Mr. Khuzami said he was “both personally and professionally excited to join Guggenheim Partners and its fantastic team.”

The move follows Mr. Khuzami’s most recent stint at the United States attorney’s office in Manhattan, where he was the No. 2 prosecutor until he stepped down in the spring. In that role, Mr. Khuzami supervised the case against Michael D. Cohen, Mr. Trump’s former lawyer.

The case centered on hush-money payments that Mr. Cohen helped arrange during the 2016 presidential campaign to two women who had said they had affairs with Mr. Trump. Mr. Cohen pleaded guilty in the case, which Mr. Khuzami took the lead on after Geoffrey S. Berman, the top federal prosecutor in Manhattan, was recused for unspecified reasons.

During an earlier stint as a federal prosecutor in Manhattan, Mr. Khuzami handled terrorism and financial crimes cases. He helped secure convictions of Omar Abdel Rahman and other conspirators in a plot to blow up New York City landmarks.

Mr. Khuzami joined Deutsche Bank in 2002, and in the aftermath of the 2008 financial crisis, he led the enforcement division of the Securities and Exchange Commission.

In 2015, after Mr. Khuzami left the agency, Guggenheim ran into trouble with the commission, which accused the firm disclosure violations and compliance shortcomings. Guggenheim paid $20 million to resolve the case.

In a separate move announced on Tuesday, Guggenheim appointed Andrew M. Rosenfield, a current managing partner, as president. The firm, which focuses on investment management, investment banking and insurance, also appointed Gerald Donini, the leader of one of its units, as chief operating officer.

Alan Schwartz, the former leader of Bear Stearns, is Guggenheim’s executive chairman.

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