Quant Manager QMA Taps AMG's Dyson for CEO Slot

Nov 1 2016 | 6:02pm ET

Prudential’s quantitative investment unit QMA has selected former Affiliated Managers Group executive Andrew Dyson to become the company’s chief executive officer effective April of 2017. 

Dyson will assume his new role from Scott Hayward, who will leave QMA to take on a new challenge, the company said in a statement. He will be responsible for overseeing QMA’s investment organization, and for its distribution and business management functions. He will report to David Hunt, PGIM’s president and CEO.

Dyson was most recently executive vice president and head of Global Distribution for Affiliated Managers Group. In this role, he managed AMG’s central global distribution platform, which works in partnership with the company’s affiliated boutique investment managers on their distribution efforts. Before joining AMG, Dyson served as head of BlackRock’s Global Institutional Client Business, and previously held senior roles at Merrill Lynch Investment Managers and Mercer Investment Consulting.

“PGIM is strongly committed to QMA and the importance of delivering its research-driven, quantitative investment and asset allocation capabilities to our clients,” said Hunt. “Andrew is uniquely qualified to lead QMA as we invest in building the multifactor and multi-asset class capabilities within this business. Andrew’s analytical background, extensive experience working with premier quantitative asset managers over the course of his career and strong record of leading global client businesses will be critical as we look to grow QMA.”

Founded in 1975, QMA is a quantitative equity and multi-asset class investment manager of PGIM, the $1 trillion global investment management businesses of Prudential Financial. The firm manages portfolios for pension plans, endowments and foundations, multi-employer pension plans, and sub-advisory accounts for other financial services companies. As of June 30, 2016, QMA had approximately $112 billion in assets under management.

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