AMG's President, Sean M. Healey, Elected to its Board of Directors.

Business Editors

BOSTON--(BUSINESS WIRE)--May 30, 2001

Affiliated Managers Group, Inc. (NYSE: AMG) held its Annual Meeting of Stockholders today. At that meeting, Sean M. Healey, President and Chief Operating Officer, was elected to the Board of Directors of AMG and each of the other Directors of the Company was re-elected for another term.

Mr. Healey joined the Company in 1995 as Executive Vice President and in 1999 became President and Chief Operating Officer. Prior to joining AMG, Mr. Healey was a Vice President in the Mergers and Acquisitions Department at Goldman, Sachs & Co. focusing on financial institutions. Mr. Healey received a J.D. from Harvard Law School, an M.A. from University College, Dublin and an A.B. from Harvard College.

"We are very pleased to welcome Sean to our Board," said William J. Nutt, Chairman and Chief Executive Officer of AMG. "He has been my partner in growing our business and I am confident that our stockholders will significantly benefit from his perspective as a Director."

At the Directors Meeting, which followed the Stockholders Meeting, each of Seth W. Brennan, Senior Vice President, New Investments, Darrell W. Crate, Senior Vice President and Chief Financial Officer, and Nathaniel Dalton, Senior Vice President, Affiliate Development and General Counsel, was promoted to Executive Vice President. "While Seth, Darrell and Nate will continue in their existing roles, these promotions reflect the ongoing development of our senior management team as AMG continues to grow," said Mr. Healey.

AMG is an asset management company that addresses the succession and transition issues facing the principals of growing mid-sized investment management firms. AMG's strategy is to generate growth through the internal growth of its existing Affiliates, as well as through investments in new Affiliates. AMG's innovative transaction structure allows individual members of each Affiliate's management team to retain or receive significant direct ownership in their firm while maintaining operating autonomy. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations. AMG's affiliated investment management firms managed approximately $70 billion in assets at March 31, 2001.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, the investment performance of our Affiliates and their ability to effectively market their investment strategies, and other risks detailed from time to time in AMG's filings with the Securities and Exchange Commission. Reference is hereby made to the "Cautionary Statements" set forth in the Company's Form 10-K for the year ended December 31, 2000.

For more information on Affiliated Managers Group, Inc., please visit AMG's Web site at www.amg.com.