MutualFundWire.com: Szilagyi Builds NY Presence With a Hire from Sentinel

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Monday, August 26, 2013

Szilagyi Builds NY Presence With a Hire from Sentinel

Jerry Szilagyi, chief executive of Catalyst [profile] and USA Mutuals [profile] is building up the sales force for both of his companies.

For example, Szilagyi has hired veteran wholesaler Marc Jarman to cover the Metro NY territory, as regional partner representing both the Catalyst Funds and USA Mutuals Funds.

Jarman comes from Sentinel [profile], where he had covered the metro-New York region since June 2012. He has also worked for Arrow and Putnam.

This is just the beginning of Szilagyi's planned hiring. He is also to fill other territories including Mid-Atlantic, Northern California and Colorado. He is also looking for an internal wholesaler in New York. He hired a new head of business development in June.

Catalyst markets 13 funds. including hedged, focused equity and strategic income strategies. USA Mutuals, meanwhile, markets such products as the Vice Fund and the Generation Wave Growth Fund

Jarman's departure comes as Sentinel is saying goodbye to several top execs. Over the summer Sentinel said adieu to CEO Christian Thwaites, switched out chief financial officer Mike Dellipriscolli, and said goodbye to chief marketing officer C.R. Shaw.

Here is the statement from Szilagyi:

Company Press Release
Catalyst and USA Mutuals Hires Metro NY Wholesaler

Catalyst Funds and USA Mutuals hired a veteran wholesaler to cover the Metro NY territory. Marc Jarman joined Catalyst Mutuals as Regional Partner representing the Catalyst Funds and USA Mutuals Funds.

“We are excited to have an experienced veteran like Marc join our team”, stated Jerry Szilagyi, CEO of Catalyst and USA Mutuals. Szilagyi went on to say “We are building our sales team due to strong interest in our expanding fund lineup”. He also stated that he is looking to fill other territories including Mid-Atlantic, Northern California and Colorado. He is also looking for an internal wholesaler in New York.

Catalyst Funds currently offers 13 distinctive funds that provide various strategies for producing income- and equity-oriented returns while controlling risk and volatility. We offer these exclusive strategies through a team of in-house portfolio managers and boutique institutional investment management partners. USA Mutuals includes the Vice Fund and Generation Wave Growth Fund.