AMG marks 10th anniversary in Australia
Affiliated Managers Group (AMG), a global asset manager with over $A950 billion in client assets under management, has announced it has reached a significant milestone in celebrating 10 years in the Australian market as it has managed to expand its array of investment strategies and double the number of affiliates it currently represents in the Australian market.
Initially, the company covered only institutional investors in Australia and over the past few years it has also become active across additional channels such as family offices, high net worth individuals, financial planning dealer groups, licensees, research houses and platforms.
AMG's chairman and chief executive, Sean Healey, said that the firm's success in Australia reflected the company's global success.
"The 2006 launch of our Australian distribution strategy marked our first step in extending the marketing reach of our affiliates in key markets around the world, and today we look forward to our next decade in the region," he said.
"Through our global distribution strategy, which combines affiliate-driven marketing efforts with the platform and resources of a global franchise, we offer affiliates the benefit of scale in global institutional and retail markets on a basis best suited for, and complementary to, each affiliate's own distribution strategy and efforts."
"Our centralised global distribution platform is an important aspect of AMG's unique partnership approach which ensures aligned incentives through direct retained equity ownership and, importantly, preserves the entrepreneurial orientation that distinguishes the most successful independent investment firms," he said.
AUTHOR
Oksana Patron
Recommended for you
Outflows from Platinum Asset Management jumped from $160 million to $358 million in February as the firm announced the exit of its co-chief investment officers.
ETF assets experienced a rare fall in February, with the sector losing more than $2 billion during the month, according to Betashares.
Lonsec Research and Ratings has been announced as research partner for the annual Fund Manager of the Year Awards.
At least three global asset managers are expected to enter the Australian ETF market this year, according to State Street.
