AMG Appoints Reuben Jeffery to its Board of Directors
April 28 2020 - 4:44PM
Affiliated Managers Group, Inc. (NYSE: AMG), a global asset
management company, today announced the appointment of Reuben
Jeffery to its Board of Directors, effective immediately.
Reuben Jeffery III served as President and Chief Executive
Officer and member of the board of Rockefeller & Co. and
Rockefeller Financial Services, Inc. from 2010 to 2018. He
previously served seven years in the U.S. government in a variety
of positions, including as Under Secretary of State for Economic,
Energy and Agricultural Affairs; Chairman of the U.S. Commodity
Futures Trading Commission; and as Special Assistant to the
President on the staff of the National Security Council (2002 –
2009). At Goldman, Sachs & Co., Mr. Jeffery was Managing
Partner of the firm’s Paris office and of its European Financial
Institutions Group in London. He began his career as a corporate
attorney with Davis Polk & Wardwell LLP. Currently, Mr. Jeffery
serves as a board member of Barclays US LLC and a senior advisory
board member of TowerBrook Capital Partners, L.P. He served as a
non-executive director at Barclays Plc from 2010 to 2019. Mr.
Jeffery received a B.A. in Political Science from Yale University
and an M.B.A. and J.D. from Stanford University.
“I am very pleased that Reuben is joining AMG’s Board,” said
Sean M. Healey, Executive Chairman of AMG. “Reuben brings a
distinguished track record of leadership, capital allocation
decision-making, and service on public company boards, along with
extensive global financial services experience that will further
diversify the Board’s broad expertise.”
“Reuben has a diverse leadership background across investment
management, broader financial services, and public affairs and
policy, and I look forward to working with our outstanding new
Director,” said Jay C. Horgen, President and Chief Executive
Officer of AMG. “As we continue to execute on AMG’s growth strategy
and allocate capital to the areas of highest growth and return in
our business, I am confident that Reuben’s perspective will be
greatly additive to our Board.”
Separately, the Company also announced the decisions of
Nathaniel Dalton and Niall Ferguson not to stand for re-election to
the Board when their terms expire in June 2020. Mr. Dalton has
served as an executive member of AMG’s Board of Directors since
2018. Mr. Ferguson has served as an independent director since
2014.
Mr. Healey added, “I am profoundly grateful to Nate for his
friendship and support over the past 25 years, and am deeply proud
of our work together in building AMG over the decades. We all wish
Nate the very best as he increases his focus on other interests. I
also thank Niall for his tremendous service to AMG over the past
six years, and wish him every success in his future
endeavors.”
About AMGAMG is a global asset management
company with equity investments in leading boutique investment
management firms. AMG’s strategy is to generate long‐term value by
investing in leading independent active investment managers,
through a proven partnership approach, and allocating resources
across the Company's unique opportunity set to the areas of highest
growth and return. AMG’s innovative partnership approach allows
each Affiliate’s management team to own significant equity in their
firm while maintaining operational autonomy. In addition, AMG
provides centralized assistance to its Affiliates on strategy,
marketing, distribution, and product development. As of March 31,
2020, AMG’s aggregate assets under management were approximately
$600 billion across a broad range of active, return-oriented
strategies. For more information, please visit the Company’s
website at www.amg.com.
Investor Relations:Anjali Aggarwal
Media Relations:Jonathan Freedman
+1 (617) 747-3300ir@amg.com pr@amg.com
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