Mercury Capital Advisors has tapped industry veteran Donal Mastrangelo to oversee one of its flagship digital solutions, iFunds. The financial services veteran joins the asset manager with immediate effect as its Executive Director and Head of US iFunds Distribution.
The new role will see Mr. Mastrangelo responsible for Mercury Capital Advisor’s iFunds platform, one of its marquee digital wealth management solutions. The platform offers a wide range of curated non-correlated investments to the wealth management community via financial intermediaries.
“In our effort the ideal person for this leadership role there were none as uniquely qualified as Donal due to his extensive experience working with asset managers, allocators and investors. We’re confident that his passion for the business and collaborative work ethic will significantly expand the reach of the iFunds platform,” explained Michael Ricciardi, CEO and co-founder.
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In this capacity he will be based out of New York City – in parallel to the hire, Mercury Capital Advisors is also fortifying its operations by appointing Tyler DeCotis and Tristan Sperry as analysts in the iFunds distribution team. The tranche of hires is Mercury’s latest addition to a growing headcount in its New York headquarters, which has seen a sustained expansion in its US wealth hubs.
Mercury is also planning additional growth and an expansion of its personnel in Q4 2017 as well as into the New Year. Earlier this year, Mercury opened a new office in Florida, led by Robert Silvani, Executive Director, iFunds Distribution.
Mr. Mastrangelo is one of Mercury’s senior-most hires to date in 2017, joining with over twenty-five years of experience in business development and client service within the investment industry. Prior to joining Mercury Capital, he worked as a Director at Guggenheim Partners focusing on middle market consultants, multi-family offices, RIAs, and bank trust clients.
Additionally, he also worked at international equity manager, NorthRoad Capital Management as the Founding Principal, as well as Lazard Asset Management as National Sales Manager.
Mr. Mastrangelo commented on the new role: “I look forward to leading the distribution team and growing the adoption of the iFunds platform. As an innovative digital solution, iFunds is well-positioned to disrupt the wealth management industry and to simplify access to leading edge investment opportunities.”