Forward Management LLC of San Francisco promoted Clay Smudsky to the newly created position of head of distribution.

Mr. Smudsky was the managing director of sales. He will continue to lead business development activities at the firm, but he also will be in charge of developing Forward's operations in the bank, institutional, advisory, and retirement markets, the company said last week.

Before joining Forward in 2002 he had worked for RS Investments, Salomon Brothers Asset Management, and Nuveen Investments.

Forward is the investment adviser to the Forward Funds, a family of 15 mutual funds. It also markets a range of separately managed accounts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.