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Money Management

QMA recruits global head of distribution

Adam Broder

Adam Broder was named head of global distribution at Quantitative Management Associates, said company spokeswoman Judith Flynn.

The position is new. Effective Oct. 16, Mr. Broder will lead a team to expand and develop sales and client service, marketing and consultant relations globally. He will work in the firm's Newark, N.J., headquarters and report to Andrew Dyson, chairman and CEO of QMA.

Mr. Broder was managing director at Och-Ziff Capital Management Group, responsible for expanding the firm's global sales and marketing business. It could not be learned by press time if he was replaced; Och-Ziff Capital Management spokesman Joe Snodgrass could not be immediately reached for comment.

QMA, the quantitative investment and asset allocation business of PGIM, managed $130 billion in assets as of June 30.