Darryl Grayson has joined Gabelli Funds as senior vice president and national sales manager of mutual funds. He joins the firm from Ark Funds, the U.S. mutual fund subsidiary of Allied Irish Banks, where he headed national sales through broker/dealers and the bank's own sales force. He has also worked for Delaware Investments, Bankers Trust and OppenheimerFunds.

At Gabelli, Grayson will oversee sales through broker/dealers, independent financial advisers and registered investment advisers.

"We are delighted to have someone with Darryl's background to spearhead our expanding distribution effort," said Mario J. Gabelli, chairman and chief executive officer of Gabelli Asset Management. "Gabelli has selling agreements with the major firms and already has a solid foundation of assets through broker/dealers. With Darryl on board, we will be able to strengthen partnerships with home offices, cultivate a sales team to concentrate on development relationships with financial advisers across the country and grow our assets under management."

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