AMG Names Karen L. Yerburgh to its Board of Directors
November 14 2017 - 7:45AM
Affiliated Managers Group, Inc. (NYSE:AMG) today announced the
appointment of Karen L. Yerburgh to its Board of Directors,
effective January 1, 2018. Until June 2017, Ms. Yerburgh served as
Managing Partner of Genesis Investment Management, LLP, a leading
boutique investment management firm. With US$27 billion in assets
under management for global institutional clients, Genesis is one
of the leading emerging markets equities specialists in the world,
and has been an AMG Affiliate since 2004. Ms. Yerburgh joined the
firm in 1990 and was appointed Managing Partner in 2003. Prior to
joining Genesis, she was a senior investment manager at Touche
Remnant Investment Management Ltd and Lloyds Investment Management
Ltd. She began her career at Grieveson Grant & Co.
“I am honored to join AMG’s Board of Directors,” said Ms.
Yerburgh. “Given Genesis’ longstanding partnership with AMG, I have
closely observed the company’s growth over time, and have held the
company and its management team in the highest regard for many
years. I look forward to working alongside AMG’s distinguished
Board members as the management team executes on their strategic
vision to further the long-term success of the Company and its
Affiliates.”
“We are very pleased to welcome Karen Yerburgh to our Board,”
said Sean M. Healey, AMG’s Chairman and Chief Executive Officer.
“Given her outstanding track record as an investor and chief
executive at one of the most highly-regarded boutique specialist
firms in the world, Karen will contribute meaningfully to our
strategic discussions, and her deep industry knowledge, global
perspective, and unique experience set will further diversify the
Board’s collective expertise.”
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 shareholder value through
the growth of existing Affiliates, as well as through investments
in new Affiliates and additional investments in existing
Affiliates. In addition, AMG provides centralized assistance to its
Affiliates in strategic matters, marketing, distribution, product
development and operations. As of September 30, 2017, AMG’s
aggregate assets under management were approximately $804 billion
in more than 550 investment products across a broad range of
active, return-oriented strategies. 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. These statements include, but are not limited to,
statements related to our expectations regarding the performance of
our business, our financial results, our liquidity and capital
resources and other non-historical statements. You can identify
these forward-looking statements by the use of words such as
“outlook,” “guidance,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “projects,” “intends,” “plans,” “estimates,” “pending
investments,” “anticipates” or the negative version of these words
or other comparable words. 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 and growth rates of our
Affiliates and their ability to effectively market their investment
strategies, the mix of Affiliate contributions to our earnings and
other risks, uncertainties and assumptions, including those
described under the section entitled “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2016, as such
factors may be updated from time to time in our periodic filings
with the SEC, which are accessible on the SEC’s website at
www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in our
filings with the SEC. We undertake no obligation to publicly update
or review any forward-looking statements, whether as a result of
new information, future developments or otherwise, except as
required by applicable law.
From time to time, AMG may use its website as a distribution
channel of material Company information. AMG routinely posts
financial and other important information regarding the Company in
the Investor Relations section of its website at www.amg.com and
encourages investors to consult that section
regularly.
Investor and Media Relations: |
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Alexandra
Lynn |
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Selene Oh |
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+1 (617)
747-3300ir@amg.compr@amg.com |
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