Sean Healey

Sean M. Healey
Born 1961 (age 54–55)
San Rafael, California
Nationality American
Alma mater Harvard Law School (J.D.)
Harvard College (A.B.)
Occupation Chairman & CEO of Affiliated Managers Group
Net worth Increase US$100 million

Sean Michael Healey (born 1961)[1] is the chairman and chief executive officer of Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management firm whose affiliates in aggregate managed approximately $638 billion as of March 31, 2015.[2]

Early life and education

Healey was born in San Rafael, California.[3] Healey attended high school in Oceanside, California, followed by Harvard College, where he was a member of the varsity wrestling squad.[4] In 1983, he received an A.B. in history and literature, magna cum laude, and was elected to Phi Beta Kappa.

After graduating from Harvard, Healey was awarded a Rotary Scholarship to study philosophy at University College in Dublin, Ireland, and was awarded a master’s degree in philosophy with first-class honors in 1984. In 1987, he earned a J.D. from Harvard Law School, and he was an editor of the Harvard Law Review.[5]

Early career

Upon graduation from law school, Healey joined Goldman Sachs as an associate in the Mergers and Acquisitions Department,[6] then transferred to a group that provided investment-banking services to financial institutions, where he worked under J. Christopher Flowers.[3]

Affiliated Managers Group

In April 1995, Healey was recruited to join Affiliated Managers Group (AMG), then a three-person start-up firm seeking to invest in boutique money managers.[3] AMG was founded in 1993 with private equity backing from TA Associates and made its first investment in 1994.[4] When Healey joined AMG as Executive Vice President, the firm had a single investment in a manager with under $1 billion of assets under management.[7]

With Healey on board, AMG received its second round of capital and subsequently invested in several U.S.-based investment firms. By October 1996, AMG had approximately $18 billion under management.[4] In October 1997, AMG closed its investment for a 70% stake in Tweedy, Browne Company LLC, a well-known value-oriented investment management firm.[8]

In November 1997, Healey led AMG’s initial public offering in which the company raised $176 million, priced at $23.50 per share.[9] With proceeds from the offering, AMG continued to expand, and named Healey president and chief operating officer in October 1999.[10] In 2001, AMG was named in Fortune magazine’s list of 100 Fastest-Growing Companies[11] and had approximately $81 billion in assets under management.[12] Healey became president and chief executive officer in 2005,[13] and chairman and chief executive officer in 2011.[5]

AMG’s business model of leaving a portion of equity with each firm’s management as motivation for continuing to produce good performance and growth has been highly successful under Healey's leadership.[3] AMG also uses employment contracts to ensure that asset management firms retain talented managers, and establishes long-term succession plans with managers.[3] Healey has also been noted for being extraordinarily selective of his affiliate partners, stating in a recent interview that the company ultimately backs away from many more potential investments than it pursues.[14]

Healey has also helped AMG to expand globally.[4] AMG opened the firm’s first distribution office in Australia in 2007, and thereafter expanded into Europe, Asia and the Middle East, to help its affiliates develop relationships in overseas markets. AMG furthered its expansion with the formation of AMG Wealth Partners in 2011.[15]

After AMG posted three-year average earnings growth of 40%, Fortune magazine again named AMG to its list of 100 Fastest-Growing Companies in 2012.[16]

Personal life

Healey holds a number of nonprofit board positions, including serving as co-chairman of the board of trustees of the Peabody Essex Museum;[17] as a member of the Council on Foreign Relations;[18] the Visiting Committee of the Harvard Law School;[19] and the board of trustees of the International Game Fish Association.[20]

In 2006, Healey was appointed by President George W. Bush to serve on the President’s Export Council, the U.S.’s principal advisory committee on international trade.[21]

Healey is an avid big-game hunter and sport fisherman, having boated a 93.5 pound white marlin, which was the winning fish in the 2010 White Marlin Open, the world’s largest billfish tournament.[22]

He was married to Kerry M. Healey, the former lieutenant governor of Massachusetts. They have two college-aged children.[23]

References

  1. ↑ "Affiliated Managers Group, Reuters Company Information". Reuters.
  2. ↑ "AMG Reports Financial and Operating Results for the First Quarter of 2015".
  3. 1 2 3 4 5 Effinger, Anthony (July 9, 2012). "Healey Rules $400 Billion Empire with Stakes in 28 Funds". Bloomberg Markets Magazine.
  4. 1 2 3 4 Segal, Julie (April 2011). "AMG CEO Healey Coaxes Great Returns From Star Managers". Institutional Investor.
  5. 1 2 "AMG Names Sean M. Healey Chairman and Chief Executive Officer". Business Wire. October 26, 2010.
  6. ↑ Kelley, Margie (Summer 2001). "In the Money: Alumni financiers take stock of the market and careers spent trying to beat it". Harvard Law Bulletin.
  7. ↑ Zuckerman, Gregory (May 8, 1995). "Goldman Bankers Leaves to Join Money Management Corporation". Mergers & Acquisitions Report.
  8. ↑ "Affiliated Managers Acquiring 70% of Tweedy Browne". New York Times. August 19, 1997.
  9. ↑ "AFFILIATED MANAGERS GROUP INC (AMG) IPO". NASDAQ.
  10. ↑ "AMG Names Sean M. Healey President and Chief Operating Officer". Business Wire. October 19, 1999.
  11. ↑ "Fortune’s 100 Fastest-Growing Companies". Fortune. September 2001.
  12. ↑ . Securities Exchange Commission http://www.sec.gov/Archives/edgar/data/1004434/000091205702012931/a2075179z10-k.txt. Missing or empty |title= (help)
  13. ↑ "AMG President Sean M. Healey to Become Chief Executive Officer on January 1, 2005". Business Wire. October 26, 2004.
  14. ↑ Santoli, Michael (July 11, 2005). "Toll Collectors". Barron's.
  15. ↑ Moore, Mary (July 13, 2012). "Affiliated Managers Group Thriving with Diverse Boutiques". Boston Business Journal.
  16. ↑ "Fortune’s Fastest Growing Companies". Fortune.
  17. ↑ "Peabody Essex Museum Leadership". Retrieved 9 May 2013.
  18. ↑ "Membership Roster, Council on Foreign Relations".
  19. ↑ "Barron’s Briefing Books Profile".
  20. ↑ "Forbes Magazine Profile".
  21. ↑ "Personnel Announcement".
  22. ↑ "White Marlin Open gearing up for another action-packed event".
  23. ↑ "I Choose Harvard". Harvard Alumni. February 8, 2012.

External links

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