Affiliated Managers Group (AMG) will enter the Australian marketplace with the launch of a sales, service and distribution platform in Sydney.
According to AMG president and chief executive officer Sean Healey, the US-based asset management company will open a Sydney office to capitalise on Australia’s market potential.
“As one of the world’s largest managed funds markets, Australia holds enormous potential for AMG and its affiliates to expand its global presence,” Healey said.
“AMG affiliates are among the highest quality boutique investment managers in the world, with excellent long-term performance across a diverse range of products, and we’re pleased to launch this dedicated platform for Australian investors. The new Sydney office builds on our strong track record of creating successful initiatives that enhance the growth of AMG affiliates, and we remain committed to identifying additional opportunities that expand their global distribution capabilities.”
Healey said through the platform, AMG would provide Australian investors with investment products and services across multiple investment styles and asset classes. The diverse products available include global and US equities, real estate, currency and global asset allocation products.
AMG executive vice president and chief operating officer Nate Dalton said the platform would provide the company’s affiliates with an opportunity to distribute their investment products to Australian investors in an efficient manner.
“The platform will allow our participating affiliates to provide excellent service to their Australian clients, competitive with any asset management firm in the world. Building on the success of AMG’s US retail distribution platform, this new initiative creates another strong business development opportunity for our affiliates,” Dalton said.
The Australian office will be managed by Gregor Rennie in the role of managing director. Rennie joined AMG from GMO Australia, where he was head of business development.
AMG is an asset management company with equity investments in a diverse group of mid-sized investment management firms. AMG’s affiliated investment management firms managed over US$241 billion in assets at December 31, 2006.
