AMG Launches Global Distribution Services Platform in Australia.

BOSTON and SYDNEY, Australia -- Affiliated Managers Group, Inc. (NYSE: AMG), an asset management company with over US$241 billion in assets under management, today announced the launch of a sales, servicing and distribution platform in Sydney, Australia.

"As one of the world's largest managed fund markets, Australia holds enormous potential for AMG and its Affiliates to expand their global presence," said Sean M. Healey, AMG's President and Chief Executive Officer. "AMG Affiliates are among the highest quality boutique investment managers in the world with excellent long-term performance across a diverse range of products, and we're pleased to launch this dedicated platform for Australian investors. The new Sydney office builds on our strong track record of creating successful initiatives that enhance the growth of AMG Affiliates and we remain committed to identifying additional opportunities that expand their global distribution capabilities."

Through this platform, AMG will provide Australian investors with investment products and services across multiple investment styles and asset classes. The diverse products available include global and U.S. equities, real estate, currency and global asset allocation products. The products managed by AMG's Affiliates are recognized for their long-term track record, consistent adherence to investment process, and strength of the management team.

"AMG's platform provides our Affiliates with an opportunity to distribute their investment products to Australian investors in an efficient manner," said Nate Dalton, Executive Vice President and Chief Operating Officer. "The platform will allow our participating Affiliates to provide excellent service to their Australian clients, competitive with any asset management firm in the world. Building on the success of AMG's U.S. retail distribution platform, this new initiative creates another strong business development opportunity for our Affiliates."

The Australian office is managed by Gregor Rennie, Managing Director. Mr. Rennie, age 43, joined AMG from GMO Australia where he was Head of Business Development. Mr. Rennie previously held other roles in financial markets including as a portfolio manager at the Reserve Bank of Australia and a client relations manager at Portfolio Partners. Mr. Rennie holds a B.A. from the University of New South Wales and a Masters degree from the University of Technology Sydney.

Mr. Dalton added, "We are delighted to have Gregor heading up our Sydney office, and we look to his expertise in serving clients and his excellent track record in developing relationships to build out our capabilities in Australia."

"I'm excited to join AMG and look forward to helping the Company and its Affiliates enhance sales and client service in the Australian marketplace," said Gregor. "Having worked in the industry for over 20 years, I know that AMG has an excellent reputation and institutional investors in Australia will be attracted to the broad, high quality investment products its Affiliates offer."

AMG is an asset management company with equity investments in a diverse group of 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 equity 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 over US $241 billion in assets at December 31, 2006.

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, our ability to complete pending acquisitions, 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, 2005.

For more information on Affiliated Managers Group, Inc.,

please visit AMG's Web site at www.amg.com.