AMGExpands Distribution Capabilities in Europe with Swiss Office Opening and New Hires
BOSTON--(BUSINESS WIRE)-- Affiliated Managers Group, Inc. (NYS: AMG) , a global asset management company, today enhanced its European distribution capabilities by establishing an office in Zurich, Switzerland.
The Company also announced two new appointments to its distribution team in Europe. Patrick Sege joins as Director, Head of Distribution, Switzerland, Austria and Liechtenstein, and will be based in AMG's new office in Zurich. Dr. Sege joins AMG from Liongate Capital Management, where he was Head of Sales and Business Development for Switzerland and Continental Europe. In this role, he was responsible for covering all institutional client segments including banks, pension funds, insurance companies, family offices and independent asset managers. Prior to joining Liongate Capital Management, Dr. Sege worked at UBS and Ernst & Young. He has an M.A. in Economics and a Ph.D. from the University of St. Gallen.
Axel Weiss joins AMG as Director, Head of Distribution, Germany, and will be based in the new Swiss office. Dr. Weiss was formerly Director of Sales and Relationships, Institutional Clients at Fidelity Investment Management, where he helped to build the firm's institutional business. Dr. Weiss previously worked for Universal Investment, Cominvest Asset Management and Arthur Andersen. Dr. Weiss has a Diplom-Kaufmann and a Ph.D. from the University of Bayreuth and also is a Chartered European Financial Analyst.
"Establishing an office in Zurich, one of the most important financial centers in Europe and home to some of the world's largest and most sophisticated investors, will extend the reach of our global distribution platform and further support our Affiliates in their sales and marketing efforts," said Andrew Dyson, AMG's Executive Vice President and Head of Global Distribution. "The appointments of Patrick Sege and Axel Weiss to the distribution team will significantly add to our expertise in Europe and enhance the AMG brand in the region. Their impressive professional track records and strong networks of local relationships make them ideally suited to help expand our footprint in Europe."
With sales and marketing offices located in major financial centers in Asia, Australia, Europe, the Middle East and North America, AMG's distribution platform enhances the global reach of its Affiliates' marketing efforts both within the U.S. and around the world.AMG's Affiliates are leading boutique investment firms recognized for their best-in-class, long-term performance track records across a broad array of investment products, particularly in global and emerging markets equity and alternative strategies.
About Affiliated Managers Group
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, 2012, the aggregate assets under management of AMG's Affiliates were approximately $432 billion 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, 2011.
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 visitwww.amg.com.
Affiliated Managers Group, Inc.
+1 617 747 3300
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KEYWORDS: United States Europe North America Massachusetts Switzerland
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