Permal, a $20 billion fund of funds, has hired Marilyn Schaja, formerly at Ivy Asset Management, to the Permal Americas sales team as senior vice president and head of US distribution channels.
Schaja reports to Joshua Levine, head of institutional markets at Permal. This is a new role at Permal, covering not only regional distribution, but also development of new products for the US onshore market.
Before Permal, Schaja spent nine years at Ivy Asset Management, a now almost defunct fund of funds that latterly was part
of the BNY Mellon business,