In today’s episode, special guest Mark Jarosz, and your host, Zayla Saunders, take us to the top of the cash flow waterfall to provide must-know answers to your collateralized loan obligation, or CLO, questions. They delve into everything from their history to the intricacies of how they work. Zayla Saunders is a Senior Associate of Online Distribution at BMO Global Asset Management (GAM). She is joined on the podcast by Mark Jarosz, Lead, Private Credit, Alternatives, at BMO GAM. The episode was recorded live on Wednesday, May 21, 2025.

Mark Jarosz
Head, Credit Alternatives
Mark serves as lead for Private Credit investments. Mark brings over 15 years’ experience in originating, structuring and advising across credit assets. He has worked with a large Canadian pension fund focused on leveraged loans, as well as a boutique structured credit shop. He holds a B.A (Hons) in Economics and Commerce and a postgraduate degree in Quantitative Finance (Wilmott/NYU).