Money Management

River Road Asset Management appoints business development vice president

Benjamin T. Brady was named vice president of business development at River Road Asset Management.

Mr. Brady will be responsible for managing institutional client, consultant and advisory relationships, a news release said. He will report to CEO Andrew Beck.

Mr. Brady was director, regional manager at AMG Funds. An AMG spokesman confirmed in an email that his responsibilities were transferred to other members of the team.

River Road Asset Management is majority owned by Affiliated Managers Group and had more than $7 billion in total assets as of Feb. 28.

Mr. Beck did not return a phone call seeking additional information.