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Barry Mandinach joins Virtus as executive vice president, head of distribution

Virtus Investment Partners, which operates a multi-manager asset management business, has appointed Barry M Mandinach as executive vice president and head of distribution.

Mandinach will lead the company's distribution activities through financial intermediaries at national wirehouses, regional and independent broker-dealers, and registered investment advisors.
 
He will manage a team of more than 80 individuals, including regional sales directors and consultants, national accounts, marketing, eBusiness, and sales support personnel, who are responsible for the sales, marketing and positioning of Virtus' retail investment products.
 
"We are very pleased to bring in a leader who has more than 30 years of experience in the asset management industry and understands our value proposition, multi-boutique model, and the solutions-based sales approach that has made Virtus a respected partner with financial intermediaries," says George R Aylward, president and chief executive officer of Virtus.
 
"I am very excited to join Virtus, which provides a compelling array of solutions that are tailored to help financial advisors improve their clients' outcomes," Mandinach says. "The company's investment strategies are managed by distinguished traditional and alternative investment managers and are supported by a well-resourced, talented and proven business development team. Virtus is well-positioned to continue delivering attractive investment solutions to meet evolving investor needs in an ever-changing market."
 
Mandinach most recently was head of wholesale distribution and chief marketing officer at UBS Global Asset Management (US) and a board member of the PACE Select Funds.
 
He joined UBS from Phoenix Investment Partners (PXP), the predecessor to Virtus, where he was chief sales and marketing officer from 1999 to 2001. Prior to PXP, he was a partner and co-founder of the Zweig Mutual Funds, which were acquired by PXP in 1999. He began his career in the investment management industry with Drexel Burnham Lambert.

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