Affiliated Managers Group (AMG) has announced that Nathaniel Dalton has succeeded Sean Healey as CEO.
Dalton has been appointed to the company’s board of directors, while Healey will become executive chairman.
Healey will continue to play an active role in the execution of AMG’s strategy.
Prior to his new position, Dalton has been COO of AMG since 2006, and was named president in 2011. He is one of the company’s founders, initially serving as an advisor, then joining in 1996 as AMG’s first general counsel.
Commenting on this, Healey said: “I have the utmost confidence in Dalton’s ability to lead AMG to the next stages of its success. Dalton has been by my side as my partner since AMG’s earliest days, and has been involved in every key strategic decision along the way.”
He continued: “With his deep understanding of our affiliate partnerships, proven experience in building our centralised global distribution platform from the ground up, and outstanding leadership across our business, he has made countless and tireless contributions to AMG’s success, and is the ideal executive to lead the company forward. While I undergo treatment, I look forward to actively supporting Dalton and the rest of our executive team.”
Dalton added: “As CEO of AMG, and with Healey’s partnership, it is my honour to lead our outstanding team in continuing to execute on the tremendous opportunities that AMG has before us to drive growth and shareholder value, and build on our position as the partner of choice to the world’s leading independent investment firms.”
“And, with a friendship spanning almost 25 years, I stand in resolute support of Healey as he pursues treatment in his fight against ALS.”
Patrick Ryan, lead independent director, said: “AMG is fortunate to have a deep bench of talent and a proven leader in Dalton, who has the confidence of the board to lead the company forward following Healey’s extraordinary leadership over the past two decades.”
