Affiliated Managers Group, which owns Third Avenue Management, Tweedy Browne and Friess Associates, among others, has appointed Samuel Byrne to its board of directors. Byrne is managing partner and co-founder of alternative investment firm CrossHarbor Capital Partners.

Byrne is taking on a new board seat, AMG spokeswoman Lauren O'Brien told The MFWire. His addition brings the number of board members to eight.

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Company Press Release

BOSTON--(BUSINESS WIRE)--Affiliated Managers Group, Inc. (NYSE: AMG - News) today announced the election of Samuel T. Byrne to its Board of Directors.

Mr. Byrne is a managing partner and co-founder of CrossHarbor Capital Partners LLC, a leading alternative investment management firm specializing in real estate, as well as distressed securities and private equity. Since CrossHarbor’s founding in 1993, the company has executed in excess of 300 real estate transactions both within the U.S. and around the world. The firm manages institutional capital on behalf of investors globally, including public pension systems, endowments, and such foreign institutions as sovereign wealth funds. Before founding CrossHarbor Capital Partners, Mr. Byrne served as a management consultant advising on corporate restructurings and bankruptcy matters. Prior to that, he was a portfolio manager at Fleet Financial Group and Bank of New England. An active member of the academic and cultural communities, Mr. Byrne currently serves as Chairman of the Board of the Brookwood School and is on the Board of Trustees of the Peabody Essex Museum. Mr. Byrne holds a B.A. in Economics from Tufts University.

“We are very pleased to welcome Sam to our Board and look forward to the broad industry expertise and global business perspective that he will bring to AMG,” said Sean M. Healey, AMG’s President and CEO. “Sam’s strong financial background includes an impressive track record of successful investments, and his strategic vision will be a great addition to our Board as we continue to focus our efforts on enhancing the global scale of AMG and our Affiliates.”

About Affiliated Managers Group

Affiliated Managers Group is a diversified asset management company with approximately $180 billion in assets at June 30, 2009. AMG’s strategy is to generate growth through the internal growth of its existing Affiliates, as well as through investments in new Affiliates. Through AMG’s innovative partnership approach, individual members of each Affiliate’s management team retain or receive significant direct equity ownership in their firm while maintaining operating autonomy. AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations.

 

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