Analytic Investors appoints new business development director

Paul Runge was named director of business development at quantitative equity manager Analytic Investors, focusing on U.S. public pension plans, according to spokesman Tucker Hewes.

It is a new position. Mr. Runge will report to George Matthews, head of consultant relations and business development.

Mr. Runge was senior vice president for institutional asset management sales at GE Asset Management. His responsibilities there have been assumed by other members of the sales team, Chris Linehan, spokesman at GE, said in an e-mail.

Analytic Investors on Dec. 31 completed a management buyout from former parent Old Mutual Asset Management.