Affiliated Managers Group

Citizens Financial Group Announces Appointment of Tracy A. Atkinson to Board of Directors; Edward J. Kelly III to Serve as Lead Independent Director with Retirement of Shivan Subramaniam

Retrieved on: 
Friday, February 16, 2024
Banking, Asset Management, Professional Services, Finance, CFO, Head, Disability, Certified Public Accountant, MFS Investment Management, Compensation, Risk management, Affiliated Managers Group, Citizens Financial Group, Subramaniam, State Street Corporation, Treasurer, Woman, PwC, Raytheon Technologies, Most, CFG, Arc, Partner, U.S. Steel, Management

Added Van Saun: “I very much look forward to Ned’s continued contributions to Citizens in his expanded role, and I would like to express my deep appreciation to Shivan for his strong counsel and invaluable service since joining our board in 2005 -- a highly successful and transformative period for Citizens.”

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024.
  • Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors.
  • “We are pleased to welcome Tracy to our board of directors,” said Chairman and Chief Executive Officer Bruce Van Saun.
  • Subramaniam, who has served on the Board since 2005, has reached the mandatory retirement age under the company’s Corporate Governance Guidelines.

Hallmark Appoints Healthcare Leader and Patient Experience Innovator Patrick T. Ryan as Board Chairman

Retrieved on: 
Tuesday, February 13, 2024
Data Management, Health, Technology, Practice Management, Health Technology, Software, General Health, Summit Partners, Press Ganey Associates, Affiliated Managers Group, Growth, Patient, Hill-Rom, Safety, Organization, Modern Healthcare, Workforce, Atrius Health

Hallmark Health Care Solutions , a healthcare workforce management technology company, today announced the appointment of Patrick T. Ryan as non-executive Chairman of its Board of Directors.

Key Points: 
  • Hallmark Health Care Solutions , a healthcare workforce management technology company, today announced the appointment of Patrick T. Ryan as non-executive Chairman of its Board of Directors.
  • Ryan brings more than 35 years of experience as an entrepreneur, leader, and CEO of numerous healthcare service organizations.
  • Ryan was recognized by Modern Healthcare as one of the industry’s 100 Most Influential People in Healthcare of 2023.
  • “Pat brings an unparalleled passion and experience collaborating with healthcare systems and providers to improve patient, clinical, and financial outcomes,” said Bruce Cerullo, CEO of Hallmark.

Pantheon expands global footprint into key private wealth hubs

Retrieved on: 
Tuesday, October 24, 2023
Banking, Personal Finance, Professional Services, Finance, Type, Insurance, Investment advisory, United Kingdom, Security (finance), Sale, NYSE, Financial Conduct Authority, Affiliated Managers Group, London Stock Exchange, Business development, Securities and Futures Commission, Financial Industry Regulatory Authority, LLP, Guernsey Financial Services Commission, KLFB, AMG, Pantheon Ventures, Financial services, Renewable energy, Financial adviser

Pantheon, a leading global private markets investor, is pleased to announce it has extended its footprint into two important private wealth hubs with the launch of offices in Singapore and Geneva, Switzerland.

Key Points: 
  • Pantheon, a leading global private markets investor, is pleased to announce it has extended its footprint into two important private wealth hubs with the launch of offices in Singapore and Geneva, Switzerland.
  • Outside the US the firm manages two London Stock Exchange-listed investment trusts, Pantheon International Plc and Pantheon Infrastructure Plc.
  • The firm continues to innovate and extend the range of fund solutions available globally for private wealth investors to access its traditional private market funds.
  • Pantheon Group* (“Pantheon”) is a leading global private markets specialist currently investing on behalf of more than 1,000 investors, including public and private pension plans, insurance companies, endowments, foundations and private wealth clients.

AMG Completes Investment in Forbion

Retrieved on: 
Thursday, August 17, 2023
PALM, Affiliated Managers Group, AMG, Therapy, Medicine, NYSE

WEST PALM BEACH, Fla., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced the completion of its investment in Forbion Group Holding B.V. (“Forbion”).

Key Points: 
  • WEST PALM BEACH, Fla., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced the completion of its investment in Forbion Group Holding B.V. (“Forbion”).
  • Forbion is a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies across all stages of their development.
  • With approximately €3 billion in assets under management, Forbion provides capital and expertise to life sciences companies, enabling the development of new therapeutics that can impact the future of medicine.
  • The terms of the transaction were not disclosed.

AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2023

Retrieved on: 
Wednesday, July 26, 2023
PALM, Growth, Network affiliate, EPS, Affiliated Managers Group, Partnership, AMG, Caritas in veritate, NYSE, WEST

WEST PALM BEACH, Fla., July 26, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the second quarter and six months ended June 30, 2023.

Key Points: 
  • Company reports EPS of $3.25, Economic EPS of $4.45 in the second quarter of 2023
    Net Income (controlling interest) of $125 million, Economic Net Income of $167 million
    WEST PALM BEACH, Fla., July 26, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the second quarter and six months ended June 30, 2023.
  • Jay C. Horgen, President and Chief Executive Officer of AMG, said:
    “In the second quarter, AMG reported an increase of 10% in Economic Earnings per share relative to the year-ago quarter, reflecting the disciplined execution of our capital allocation strategy across both growth investments and share repurchases.
  • AMG’s focus on investing in areas of secular demand continues to diversify and enhance the long-term growth prospects of our business.
  • Given the increasing demand for our solution set in a favorable transaction environment, we see a significant opportunity to establish new partnerships.

FLAGSTAR BANK, N.A. EXPANDS PRIVATE BANKING BUSINESS WITH THE ADDITION OF SIX TEAMS FORMERLY WITH FIRST REPUBLIC BANK

Retrieved on: 
Thursday, July 20, 2023
San Francisco, Senior, Culture, First Republic, Greater Community Bancorp, Affiliated Managers Group, Senior management, Silicon, New York Community Bank, City, Commercial, Bank, NYCB, Private banking, First Republic Bank, Flagstar Bank, NYSE, Financial services, Management

(the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that six private client banking teams have joined the Bank from the former First Republic Bank.

Key Points: 
  • (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that six private client banking teams have joined the Bank from the former First Republic Bank.
  • Commenting on the new teams, President and Chief Executive Officer Thomas R. Cangemi stated, "We are extremely pleased to welcome these new private banking teams to the organization.
  • Eric Howell, Senior Executive Vice President and President of Commercial and Private Banking added, "These new teams blend perfectly with our legacy private client teams.
  • Michael spent his entire 21-year banking career at First Republic Bank, where he was most recently Senior Managing Director.

AMG to Announce Second Quarter Results on July 26, 2023

Retrieved on: 
Wednesday, July 19, 2023
PALM, Affiliated Managers Group, AMG, NYSE

WEST PALM BEACH, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) will report financial and operating results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023.

Key Points: 
  • WEST PALM BEACH, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) will report financial and operating results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023.
  • A conference call will be held at 8:30 a.m. Eastern time on the same day.
  • In addition to quarterly results, the conference call may include discussion of management’s expectations of future financial and operating results.
  • Jay C. Horgen, President and Chief Executive Officer, and Thomas M. Wojcik, Chief Financial Officer, will host the session.

Veritable to Combine with Pathstone

Retrieved on: 
Monday, July 17, 2023
PALM, Network affiliate, Growth, Affiliated Managers Group, Partnership, AMG, NYSE, Culture, Security (finance), Veritable Quandary

WEST PALM BEACH, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced that it has entered into an agreement with Pathstone Family Office, LLC (“Pathstone”) and Veritable, LP (”Veritable”), under which Pathstone will acquire 100% of the outstanding equity interests in Veritable.

Key Points: 
  • WEST PALM BEACH, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced that it has entered into an agreement with Pathstone Family Office, LLC (“Pathstone”) and Veritable, LP (”Veritable”), under which Pathstone will acquire 100% of the outstanding equity interests in Veritable.
  • “We are pleased to have had a strong partnership with Veritable, magnifying its growth and success over time,” said Jay C. Horgen, President and Chief Executive Officer of AMG.
  • “The Veritable partners and AMG recognized the strategic benefits that would result from a combination with Pathstone, and given our alignment and partnership approach, we supported this successful outcome for all stakeholders, including Veritable’s clients, partners, and employees, as well as AMG.
  • As of May 31, 2023, Veritable managed approximately $17 billion in client assets.

AMG Announces Partnership with Forbion

Retrieved on: 
Tuesday, June 27, 2023
Affiliated Managers Group, Partnership, AMG, Therapy, Medicine, NYSE, WEST, Martien, Financial services

AMG to invest in Forbion, a leading pan-European life sciences venture capital and growth equity firm

Key Points: 
  • AMG to invest in Forbion, a leading pan-European life sciences venture capital and growth equity firm
    Will enable Forbion to access clients in new geographies and channels and continue to build an enduring, multi-generational firm
    Forbion co-founders will remain committed to the firm over the long term, and the Forbion partnership will continue to own a significant majority of the company’s shares
    Forbion partners will retain their investment independence and operational autonomy, in line with AMG’s partnership approach
    WEST PALM BEACH, Fla., June 27, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, has entered into a definitive agreement to acquire a minority equity interest in Forbion Group Holding B.V. (“Forbion”).
  • Forbion is a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies across all stages of their development.
  • Our partnership with Forbion broadens our participation in both private markets and the life sciences sector, further diversifying our business and enhancing our long-term growth prospects.
  • “Our entrepreneurial and investment-centric culture has been critical to our success, and with our respective firms’ long-term partnership orientation, Forbion and AMG share a deep cultural alignment.

Virtus Investment Partners Announces Retail Distribution Leadership Roles

Retrieved on: 
Thursday, June 8, 2023
Asset Management, Professional Services, Finance, Virtus Investment Partners, Oswego, RIA, Affiliated Managers Group, State university system, Business, Head, MBA, Villanova University, State University of New York at Oswego, Distributed intelligence, UBS, Growth, Management, Financial adviser, Claudio Maccone

Maccone will be responsible for leading the ongoing, strategic evolution of the company’s retail distribution by building on its successful collaborations with distribution partners; enhancing its strategy for increasing sales in the registered investment advisor (RIA) channel; accelerating the growth of alternatives and other non-correlated investment strategies; and driving the distribution support of the development and introduction of new products.

Key Points: 
  • Maccone will be responsible for leading the ongoing, strategic evolution of the company’s retail distribution by building on its successful collaborations with distribution partners; enhancing its strategy for increasing sales in the registered investment advisor (RIA) channel; accelerating the growth of alternatives and other non-correlated investment strategies; and driving the distribution support of the development and introduction of new products.
  • The company’s National Accounts, Distribution Intelligence, and Offshore Retail Sales teams will report to Maccone.
  • Franco assumes overall leadership of the company’s external and internal U.S. retail sales teams that promote Virtus and its affiliated managers’ offerings through intermediaries at national and regional firms, and independent broker/dealers.
  • “Joe and Tom bring a wealth of product knowledge and exceptional relationships with our intermediaries and distribution partners into these new and expanded leadership roles,” Mandinach said.