AMG Names Rita Rodriguez to Board of Directors.

Business Editors

BOSTON--(BUSINESS WIRE)--Jan. 27, 2000

Affiliated Managers Group, Inc. (NYSE:AMG), an asset management holding company, announced today the election of Dr. Rita M. Rodriguez to the Board of Directors of AMG.

Dr. Rodriguez is a former full-time Director of the Export-Import Bank of the United States. She was nominated to the position by President Reagan and confirmed by the U.S. Senate in 1982, and continued to serve in this capacity by direction of President Bush and President Clinton until her resignation in March 1999. On the Export-Import Bank Board, she served as Chair of the Audit Committee and the Exposure Management Committee. Prior to joining the Export-Import Bank Board, Dr. Rodriguez was a professor of finance at the University of Illinois at Chicago and an associate professor of business administration at Harvard Business School. In addition, Dr. Rodriguez has authored numerous journal articles and books on the subject of international finance.

&uot;We are delighted to welcome Rita to our Board,&uot; said William J. Nutt, Chairman and Chief Executive Officer of AMG. &uot;With her breadth of expertise in finance and international relations, she brings perspective that will further strengthen our distinguished Board.&uot;

AMG addresses the succession and transition issues facing the principals of growing mid-sized investment management firms. The Company's strategy is to generate growth through investments in new Affiliates, as well as through the internal growth of its existing Affiliates. AMG's innovative transaction structure allows individual members of each Affiliate's management 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 support. AMG has 15 Affiliates, which collectively managed over $87 billion in assets as of December 31, 1999.

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 interest 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 &uot;Cautionary Statements&uot; set forth in the Company's Form 10-K for the year ended December 31, 1998.