PGIM Real Estate appoints head of Core Strategies to drive European growth
Rory Morrison will have strategic and operational oversight of PGIM Real Estate’s European Core, European Core Plus and UK Affordable Housing strategies.
QMA extends global platform; names Adam Broder to lead client, business development
NEWARK, N.J., Oct. 9, 2017 - Adam Broder will join QMA as head of Global Distribution, a new role that combines oversight of all client-facing activity for the first time. In this capacity, he will lead a team to extend new global capabilities in client and business development.
Broder will draw upon the depth of expertise of QMA and will be able to leverage the full scale of PGIM, the $1.0 trillion plus global investment management businesses of Prudential Financial, Inc. (NYSE: PRU), to further develop sales and client service, marketing and consultant relations.
Broder’s 20 years of asset management experience include positions of global responsibility at Goldman Sachs & Co. and Och-Ziff Capital Management. He will report to Andrew Dyson, QMA chief executive officer and chairman, when he starts on Oct. 16.
“Adam will devise new ways to deliver QMA’s decades-long experience and expertise in asset allocation and quantitative investing. He will draw upon the resources of both PGIM and Prudential to deliver our offering to existing and new clients while maintaining the intimacy of our culture,” Dyson said. “As we look to expand our platform globally, Adam’s background in building businesses across borders at some of the top asset management firms will prove invaluable.”
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At Och-Ziff, Broder was responsible for expanding the global sales and marketing business and helping to build a long-term growth strategy for the firm. During a 15-year career at Goldman Sachs, he held several positions in Hong Kong and Mumbai, culminating in the role of managing director and chief operating officer of Europe, the Middle East and Africa at Goldman Sachs Asset Management, based in London.
He has been advising start-up, high-growth asset management firms at a consulting company that he founded for the past 20 months.
Broder, who will work in the Newark, New Jersey, headquarters of QMA, earned a Master of Business Administration from Columbia University and a bachelor of science from Cornell University.
QMA, the quantitative equities and asset allocation business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU), managed $130 billion as of June 30, 2017.
About QMA
QMA applies a disciplined, research-driven approach that seeks to identify and capture alpha opportunities and combines factor exposures to create diversified, risk-aware strategies designed for long-term, consistent performance.
Founded in 1975, QMA manages portfolios for a worldwide institutional client base, including corporate and public pension plans, endowments and foundations, multi-employer pension plans, and sub-advisory accounts for other financial services companies. As of June 30, 2017, QMA had approximately $130 billion in assets under management.
About PGIM and Prudential Financial
With 14 consecutive years of positive third-party institutional net flows, PGIM, the global asset management businesses of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of June 30, 2017.
PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents. For more information, please visit pgim.com.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit https://www.pgim.com. For more information about Prudential, please visit news.prudential.com.
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