ArrowMark Financial Corp.

The primary investment objectives of ArrowMark Financial Corp. (Nasdaq: BANX) are income generation, capital preservation and providing total risk-adjusted returns.


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Sanjai Bhonsle
Chairman & Chief Executive Officer

Mr. Bhonsle was elected Chairman & CEO of ArrowMark Financial Corp., formerly StoneCastle Financial Corp., in February 2020. He also serves on the Board of Directors of StoneCastle-ArrowMark Asset Management, LLC.

Mr. Bhonsle joined ArrowMark in October 2012 and serves as Partner and Portfolio Manager for ArrowMark's leveraged loan investments and collateralized loan obligation funds. Prior to joining ArrowMark, he founded MB Consulting Partners in 2009, where he specialized in financial and operational restructuring advisory to stressed and distressed middle-market companies. With more than 10 years of restructuring experience, he has led several assignments across various industries. Sanjai was a Senior Portfolio Manager at GSO Capital Partners, a subsidiary of The Blackstone Group, and member of the Investment and Management Committee (2005-2009). Prior to joining GSO Capital Partners, Sanjai was an Assistant Portfolio Manager for RBC Capital Partners’ debt investment group and was a member of the Investment Committee (2001-2005). He also led the group’s restructuring efforts related to distressed investments and represented the firm’s interests on creditor committees. From 1999-2001, Sanjai was a Senior Investment Analyst at Indosuez Capital Partners. Sanjai received a bachelor’s degree in Mechanical Engineering from the University of Wisconsin – Madison and an MBA from the Eli Broad Graduate School of Management at Michigan State University.

Patrick J. Farrell
Chief Financial Officer, ArrowMark Financial Corp.

Mr. Farrell was re-elected as ArrowMark Financial Corp., formerly StoneCastle Financial Corp.’s Chief Financial Officer in February 2020.  He has served in this role since April 2014. 

As Chief Financial Officer at StoneCastle Partners LLC, Mr. Farrell is responsible for all financial and accounting activities at StoneCastle. He has over thirty-five years of hands-on management experience in finance and accounting, specifically focused on domestic and offshore mutual funds, bank deposit account programs, investment advisory and broker dealer businesses.

Previously, Mr. Farrell was CFO/COO of the Emerging Managers Group, LP, a specialty asset management firm focused on offshore mutual funds. Prior to that, Pat was CFO at Reserve Management, where he oversaw all financial activities for the company. Earlier in his career, Pat held financial positions at Lexington Management, Drexel Burnham, Alliance Capital and New York Life Investment Management, all focused on investment advisory activities. He began his career as an auditor at Peat Marwick Mitchell & Co. in New York. Pat holds a BS in Business Administration-Accounting from Manhattan College.

Mr. Farrell is a Certified Public Accountant in New York State and a member of the American Institute of Certified Public Accountants.

Rick Grove
Chief Compliance Officer

Mr. Grove was elected Chief Compliance Officer of ArrowMark Financial Corp., formerly StoneCastle Financial Corp. in February 2020.  

He is a Principal and Chief Compliance Officer at ArrowMark Partners. He is also the Vice President, Chief Compliance Officer and Secretary for Meridian Fund, Inc.  Before joining ArrowMark Partners in 2008, he was Vice President and Chief Compliance Officer for Black Creek Global Advisors (2007-2008). Prior to that position, Rick served as Vice President and Chief Compliance Officer for Madison Capital Management (2005-2007), Assistant Vice President and Director of Compliance at Janus Capital Group (1993-2005), and Fund Accountant for Oppenheimer Funds (1992-1993). Rick graduated from the University of Wyoming with a bachelor’s degree in Accounting.

Dana Staggs
Mr. Staggs leads the private direct lending strategy at ArrowMark and is a team member of ArrowMark’s Capital Solution’s Group where he sources, structures, and manages non-control private equity and private debt instruments. Prior to joining ArrowMark Partners in 2017, he worked in similar capacities at firms to include Goldman Sachs & Co., Barclays Private Credit Partners LLC and GE Capital. Mr. Staggs previously served over 10 years as a surface warfare officer in the U.S. Navy, having attained the rank of Lieutenant Commander. He earned a Bachelor of Science degree in Physics from the United States Naval Academy and an MBA from The Mason School of Business at the College of William and Mary.