AMG Appoints G. Staley Cates to its Board of Directors
MWN-AI** Summary
AMG (Affiliated Managers Group, Inc.), a prominent strategic partner for independent investment management firms worldwide, has announced significant changes to its Board of Directors. Effective April 1, 2026, G. Staley Cates will join the Board, while Karen L. Alvingham will retire after serving since January 2018. Alvingham’s contributions during a transformative period for AMG have been recognized and appreciated by the Board, including Chair Loren M. Starr, who noted the impact of her thoughtful counsel.
Cates brings extensive experience to the Board, having held key roles at Southeastern Asset Management, where he was Vice Chairman from 2015 to 2024 and previously served as President from 1989. His enduring commitment to long-term value creation and disciplined capital allocation has been a hallmark of his nearly four-decade career in investment management. Beyond his professional achievements, Cates is actively involved in community initiatives, such as co-founding the New Hope Christian Academy and serving in various leadership roles for charitable organizations.
In addition to the Board changes, AMG reappointed Jay C. Horgen as President, effective the same date. Horgen will continue in his role as Chief Executive Officer, further solidifying continuity in executive leadership.
AMG is known for its strategy of promoting long-term value creation by investing in high-quality, independent partner-owned firms. As of December 31, 2025, the company managed approximately $813 billion across a diverse range of investment strategies. This change in leadership underscores AMG’s commitment to fostering a culture of independence and supporting the interests of its affiliates, shareholders, and clients. For more detailed information, investors are encouraged to visit AMG's official website.
MWN-AI** Analysis
With the appointment of G. Staley Cates to the Board of Directors at Affiliated Managers Group (AMG), effective April 1, 2026, investors should closely monitor the company's strategic direction and potential impacts on its growth trajectory. Mr. Cates brings over three decades of investment management experience and a proven track record of long-term value creation from his tenure at Southeastern Asset Management. His expertise in disciplined capital allocation and alignment with shareholder interests will likely enhance AMG's operational and strategic initiatives.
The retirement of Karen L. Alvingham may indicate a shift in board dynamics, but it also opens avenues for fresh perspectives as AMG continues to navigate the competitive landscape of investment management. Alvingham's contributions during her tenure cannot be understated, but the introduction of Mr. Cates could signify a renewed focus on innovative growth strategies.
Furthermore, AMG's asset management performance remains robust, with approximately $813 billion in assets under management as of December 31, 2025. The re-appointment of Jay C. Horgen as President and CEO is another positive indicator of stability and continuity in leadership, crucial during this transitional phase.
Investors should evaluate AMG's strategic adjustments under the new board composition, especially regarding their unique approach to supporting independent partner-owned firms and addressing emerging market trends. The firm’s focus on private markets and differentiated investment strategies can provide growth opportunities amid potential economic uncertainties.
In conclusion, as AMG embarks on this new chapter with Mr. Cates’ appointment, investors should consider the long-term implications for value creation and monitor closely how the new board dynamics could influence AMG's strategic direction and operational performance in the upcoming quarters. This period may present a compelling investment opportunity for those looking for exposure in the asset management sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Karen L. Alvingham to Retire from Board of Directors
WEST PALM BEACH, Fla., Feb. 26, 2026 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced the appointment of G. Staley Cates to its Board of Directors (the “Board”), effective April 1, 2026; the Company also announced the forthcoming retirement of Karen L. Alvingham from the Board, effective April 1, 2026. Lady Alvingham was appointed to AMG’s Board of Directors in January 2018.
Mr. Cates served as the Vice Chairman of Southeastern Asset Management, Inc. (“Southeastern”), an independent global investment management firm, from 2015 through 2024, having served as President from 1989 through 2015 after joining Southeastern in 1986. Mr. Cates is a Co-Founder of the New Hope Christian Academy, was a founding board member of the Soulsville Foundation, and was the Founding Chairman of the Memphis Grizzlies Charitable Foundation and of the Board of Crosstown Concourse. He serves as the Chairman of the Poplar Foundation, which supports various educational initiatives in Memphis, and was the Governor’s appointee to the Transition Planning Commission for the consolidation of Memphis City and Shelby County schools between 2011 and 2012. Mr. Cates received a B.A. from the University of Texas at Austin and is a Chartered Financial Analyst.
“We are pleased to welcome Staley Cates to AMG’s Board of Directors,” said Loren M. Starr, Chair of AMG’s Board of Directors. “Staley is a distinguished investor and business leader whose four decades at Southeastern were defined by a deep commitment to long-term value creation, disciplined capital allocation, and shareholder alignment; Staley will bring unique insight to our boardroom. I would also like to express the Board’s sincere appreciation to Karen for her dedicated service and thoughtful counsel during a pivotal period of growth and evolution for AMG – she will be missed.”
“It has been an honor to serve on AMG’s Board over the past eight years,” said Lady Alvingham. “I have great respect for the firm’s commitment to its shareholders, Affiliates, and clients, and I depart with great appreciation for the opportunity to contribute to AMG’s evolution and success.”
The Company also announced the re-appointment of Jay C. Horgen as President, effective April 1, 2026. Mr. Horgen will also continue to serve as Chief Executive Officer.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long?term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of December 31, 2025, AMG’s aggregate assets under management were approximately $813 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
AMG Media & Investor Relations:
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
FAQ**
What specific contributions did Karen L. Alvingham make during her tenure on the Board of Directors for Affiliated Managers Group Inc. AMG that were pivotal to the company's growth?
How does Affiliated Managers Group Inc. AMG plan to maintain continuity and strategic direction following Karen L. Alvingham’s retirement from the Board?
What insights and expertise does G. Staley Cates bring to Affiliated Managers Group Inc. AMG that may influence the company’s future strategies?
In what ways did Karen L. Alvingham's leadership reflect the values and business ethos of Affiliated Managers Group Inc. AMG, and how will her departure impact the company culture?
**MWN-AI FAQ is based on asking OpenAI questions about Affiliated Managers Group Inc. (NYSE: AMG).
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