GAMCO announced Monday that James C. Scanlon has been named senior vice president and director of mutual fund marketing and distribution at Gabelli Funds.

Scanlon comes to the firm from Merrill Lynch, where he managed retirement group sales for the Northeast/New England region. Information on who Scanlon replaces, and on his replacement at Merrill, was not immediately available.

Gabelli Funds encompasses $14 billion in assets, and is a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which manages assets of $27.6 billion in mutual funds, closed end funds, partnerships, and private advisory accounts. Scanlon will be responsible for increasing distribution of Gabelli Funds to national and regional brokerage firms and RIAs.

"We are delighted to have Jim focus on our expanding distribution effort. His experience in sales management, wholesaling and key account management will add significant value in our effort to gather more assets through financial intermediaries," said GAMCO chairman and CEOMario Gabelli in a statement.

Scanlon said he is looking forward to representing GAMCO to advisors and brokers. "The consistent style, disciplined investment process, and recognition of the Gabelli, GAMCO and Westwood brands are attributes that resonate with financial advisors," he said.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE