Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management
company with approximately $626 billion in assets under management,
today announced the election of Glenn Earle to its Board of Directors,
effective immediately, as well as William J. Nutt’s retirement from the
Board at the end of his current term in June 2015.
Glenn Earle is a member of the Board of Directors of Fiat Chrysler
Automobiles N.V. and of Rothesay Life Group. Mr. Earle is also a Board
Member and Trustee of the Royal National Theatre and of Teach First, and
is Chairman of the Advisory Board of Cambridge University Judge Business
School. He was formerly a Managing Director and the Chief Operating
Officer of Goldman Sachs International, before retiring in 2011. He had
previously worked at Goldman Sachs in various roles in New York,
Frankfurt and London since 1987. Mr. Earle is a graduate of Emmanuel
College, Cambridge and of Harvard Business School, where he earned an
MBA with High Distinction and was a Baker Scholar and Loeb, Rhoades
Fellow.
“I am very pleased that Glenn Earle is joining AMG’s Board,” said Sean
M. Healey, AMG’s Chairman and Chief Executive Officer. “Glenn brings a
distinguished track record and extensive global financial services
experience that will further diversify the Board’s broad expertise.”
Separately, the Company also announced the decision of Mr. Nutt to
retire from the Board when his term expires on June 15, 2015. He was the
founding Chief Executive Officer of AMG and served in that role until
2004 when Mr. Healey succeeded him as CEO. Since 2005, Mr. Nutt has
served as a non-executive member of AMG’s Board of Directors.
Mr. Healey added, “I am profoundly grateful to Bill for his friendship
and support over the past 20 years, and am tremendously proud of our
work together in building AMG from a start-up to one of the leading
asset management companies in the world.”
About AMG
AMG is a global asset management company with equity investments in
leading boutique investment management firms. AMG’s innovative
partnership approach allows each Affiliate’s management team to own
significant equity in their firm while maintaining operational autonomy.
AMG’s strategy is to generate growth through the internal growth of
existing Affiliates, as well as through investments in new Affiliates.
In addition, AMG provides centralized assistance to its Affiliates in
strategic matters, marketing, distribution, product development and
operations. As of December 31, 2014, the aggregate assets under
management of AMG’s Affiliates were approximately $626 billion, pro
forma for a recently closed investment, in more than 400 investment
products across a broad range of investment styles, asset classes and
distribution channels. For more information, please visit the Company’s
website at www.amg.com.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal securities
laws. Actual results and the timing of certain events could
differ materially from those projected in or contemplated by the
forward-looking statements due to a number of factors, including changes
in the securities or financial markets or in general economic
conditions, the availability of equity and debt financing, competition
for acquisitions of interests in investment management firms, the
ability to close pending investments, the investment performance of our
Affiliates and their ability to effectively market their investment
strategies, and other risks detailed from time to time in AMG’s filings
with the Securities and Exchange Commission. Reference is hereby
made to the “Risk Factors” set forth in the Company’s Form 10-K for the
year ended December 31, 2014.
AMG routinely posts information that may be significant for investors
in the Investor Relations section of its website, and encourages
investors to consult that section regularly. For additional
information, please visit www.amg.com.
Copyright Business Wire 2015