Affiliated Managers Group, Inc. Appoints Darrell W. Crate as Chief Financial Officer
Affiliated Managers Group, Inc. Appoints Darrell W. Crate as Chief Financial Officer
May 1, 1998
CONTACT:
Seth W. Brennan
Affiliated Managers Group, Inc.
(617) 747-3303
BOSTON, MA, May 1, 1998 -- Affiliated Managers Group, Inc. (NYSE: AMG), an asset management holding company, announced today that it has appointed Darrell W. Crate as Senior Vice President and Chief Financial Officer. Prior to joining AMG, Mr. Crate was a Managing Director in the Financial Institutions Group of Chase Manhattan Corporation where he focused on the investment management industry, both domestic and international.
Seth W. Brennan
Affiliated Managers Group, Inc.
(617) 747-3303
BOSTON, MA, May 1, 1998 -- Affiliated Managers Group, Inc. (NYSE: AMG), an asset management holding company, announced today that it has appointed Darrell W. Crate as Senior Vice President and Chief Financial Officer. Prior to joining AMG, Mr. Crate was a Managing Director in the Financial Institutions Group of Chase Manhattan Corporation where he focused on the investment management industry, both domestic and international.
William J. Nutt, AMG's Chairman, President, and CEO said: "Over the years we have come to know Darrell very well through our close relationship with Chase. We are extremely pleased that someone of his abilities both in corporate finance matters in general, as well as the investment management industry in particular, will be joining AMG as Chief Financial Officer. We welcome the addition of Darrell's expertise in financial analysis and capital structuring as well as his strategic perspective on our business."
AMG also announced that Brian J. Girvan, the company's Senior Vice President and Chief Financial Officer, has resigned to take a senior position at Fidelity Investments, where he worked prior to joining AMG. Mr. Nutt stated: "We wish Brian the best in his new position. We greatly appreciate Brian's tremendous efforts and contribution over the past year in AMG's transition from a private to a public company."
AMG is a leading asset management holding company which acquires majority interests in mid-sized investment management firms. Since its founding in December 1993, AMG has grown to 11 investment management firms with more than $50 billion in assets under management. AMG's strategy is to generate growth through investments in new affiliates, as well as through the internal growth of its current affiliated firms. AMG recently made investments in GeoCapital, LLC, Tweedy, Browne Company LLC and Essex Investment Management Company, LLC and in November completed an initial public offering of its shares which are listed on the New York Stock Exchange under the symbol "AMG."