AMG distribution chief jumps ship to $100bn US quant shop

Andrew Dyson, AMG

On the move: AMG distribution chief Andrew Dyson

Andrew Dyson will in April 2017 join QMA, which had $ 112 billion in assets at the end of June, as chief executive, the firm said in an October 31 statement from PGIM.

QMA is a quantitative equity and multi-asset manager.

He will report to PGIM chief executive David Hunt, who said in the statement: “Andrew is uniquely qualified to lead QMA, as we invest in building the multifactor and multi-asset class capabilities.”

Dyson will take over from QMA’s current chief executive Scott Hayward, who is to step down but will remain at the firm until the end of the year to help with the leadership transition. Parent PGIM manages more than $ 1 trillion.

AMG is led by Sean Healey, who won the 2016 FN award for asset management chief executive of the year on October 5. The award was collected on his behalf by Dyson, who has played a big role in helping AMG’s affiliates win new business from some of the world’s largest institutions during the past five years since he joined.

Healey hired Dyson in June 2011 from BlackRock, where Dyson had been head of its global institutional client business. Prior to BlackRock, he worked at Merrill Lynch Investment Managers and was also head of US multinational investment consulting at Mercer.

AMG, in a filing with the US Securities and Exchange Commission dated October 30 that was signed by its general counsel David Billings, confirmed that Dyson had resigned effective December 31. It added he would “remain subject to non-compete, non-solicit and confidentiality covenants under his existing employment and award agreements”.

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