MainStay Funds, a mutual fund complex in Parsippany, N.J. with 33 funds and $18 billion of assets under management, has created a new marketing position to promote its 11 institutional funds specifically to retirement plan consultants.

Mark Strazzeri has assumed this new position and is now director of institutional investments, based in Concord, Calif. Strazzeri has been with the fund complex for four years, the last two as national sales manager for the broker/dealer channel for the Western region.

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