The placement agent firm specializing in private investments has named the head of its US iFunds distribution business.

Mercury Capital Advisors, the global placement agent specializing in private investments, has appointed Donal Mastrangelo as executive director and head of US iFunds distribution. 

Mastrangelo has more than 25 years of experience in business development and client service within the investment industry. The Mercury iFunds platform is a digital solution offering curated investments to the wealth managers via financial intermediaries.

“iFunds provides digital access to an ecosystem of the same proprietary suite of leading-edge alternatives managers and pre-IPOs that we source for our most sophisticated institutional clientele,” Michael Ricciardi, chief executive and co-founder of Mercury Capital Advisors, said in a statement. 

Previously, Mastrangelo was a director at Guggenheim Partners covering middle-market consultants, multi-family offices, RIAs and bank trust clients. He was responsible for private funds, separately managed accounts as well as public fund distribution and service across all clientele. Prior to this, he was the founding principal at NorthRoad Capital Management, an international equity manager, and was the national sales manager at Lazard Asset Management. 

In another hire, Mercury has appointed Tyler DeCotis and Tristan Sperry as analysts in the iFunds distribution team. DeCotis previously worked for Eaton Vance Investment Managers as an internal business developer covering the major wirehouse firms, and Sperry’s prior role was as a business developer for W P Carey’s retail fundraising arm specializing in non-traded and private alternative investments.

Earlier this year the firm opened an office in Palm Beach, Florida, led by Robert Silvani, executive director, iFunds Distribution. Mercury’s New York headquarters has also seen headcount grow this year, and further plans for expansion throughout major US wealth hubs are scheduled for Q4 2017 and into 2018.