New York, NY—J. Tomilson Hill, Chair, and Wendy Fisher, President, Solomon R. Guggenheim Foundation, today announced that Frank Yu has been elected to the Board of Trustees.

In a joint statement Hill and Fisher remark “Frank’s passion for art and world cultures, as well as his international business experience and demonstrated commitment to philanthropic activities, make him a significant asset to the Guggenheim Foundation Board of Trustees. We look forward to working closely with Frank to advance the mission and strategic objectives of the Guggenheim.”

Richard Armstrong, Director, Solomon R. Guggenheim Museum and Foundation, said, “As a global business leader active in the United States, Europe, and Asia, Frank’s dynamic expertise and financial acumen together with his keen interest in the visual arts will bring a welcome perspective to the board.”

About Frank Yu
Frank Yu is the founder, chief executive officer, and chief investment officer of Ally Bridge Group, a leading global life science investment group with dual headquarters in New York and Hong Kong. Yu began his career in New York, then worked in Hong Kong for over two decades. Previously, he served as managing director in Hong Kong at Sculptor Capital Management, a prominent global hedge fund. Before that, Yu was a managing director at Goldman Sachs in Hong Kong where he worked for nearly a decade, led several business units, and played key roles in some of the most important restructuring, IPO, and mergers and acquisitions transactions in Asia. Prior to that, he worked at Moody’s in New York and Credit Suisse in London and Hong Kong.

About the Solomon R. Guggenheim Foundation
The Solomon R. Guggenheim Foundation was established in 1937 and is dedicated to promoting the understanding and appreciation of modern and contemporary art through exhibitions, education programs, research initiatives, and publications. The international constellation of museums includes the Solomon R. Guggenheim Museum, New York; the Peggy Guggenheim Collection, Venice; the Guggenheim Museum Bilbao; and the future Guggenheim Abu Dhabi. An architectural icon and “temple of spirit” where radical art and architecture meet, the Solomon R. Guggenheim Museum is now among a group of eight Frank Lloyd Wright structures in the United States recently designated as a UNESCO World Heritage site. To learn more about the museum and the Guggenheim’s activities around the world, visit

Visitor Information
Admission: Adults $25, students/seniors (65+) $18, members and children under 12 free. Visitors must book tickets in advance online. Open Thursdays through Mondays from 11 am to 6 pm. Pay What You Wish hours are Saturdays from 4 to 6 pm. Timed tickets are required and available at Explore the Guggenheim with our free Digital Guide, a part of the Bloomberg Connects app. Find it in the Apple App Store or in the Google Play Store.

The Guggenheim is implementing health and safety measures in consideration of visitors and employees and in compliance with New York State and City guidelines. Face masks will be mandatory inside the museum for anyone over the age of two. New requirements should be reviewed in advance of a visit; they are posted on COVID-19 Safety Measures: What to Expect When Visiting.


Sara Fox
Director, Communications and Public Relations
Solomon R. Guggenheim Museum
212 423 3840