Linda Gibson was appointed CEO of QMA, the quantitative affiliate of PGIM, the company announced in a news release.
Effective Oct. 15, she will replace Andrew Dyson, who is resigning "for personal reasons," the release said.
Ms. Gibson is currently managing director and chief business officer at QMA.
QMA also announced that on Sept. 28 it will change its name to PGIM Quantitative Solutions.
It will also launch a newly created dedicated defined contribution unit, PGIM DC Solutions, for which Mr. Dyson will stay on as special adviser and acting head until March 31.
In addition, QMA Wadhwani will now be called PGIM Wadhwani, and its investment team will continue to work independently within PGIM Quantitative Solutions. QMA Wadhwani is a liquid alternatives, macro investment manager.
QMA had about $119 billion in assets under management as of March 31.
