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AMG Appoints David M. Billings As Executive Vice President And General Counsel

Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, today appointed David M. Billings as Executive Vice President and General Counsel, responsible for the Company’s legal, regulatory, compliance and corporate governance functions, effective June 30, 2014. In this role, Mr. Billings will report to Sean M. Healey, AMG’s Chairman and Chief Executive Officer, and will succeed John Kingston, III, who will remain with the Company as Vice Chairman.

Mr. Billings joins AMG from the London office of Akin Gump Strauss Hauer & Feld LLP, where he was Partner and headed the investment funds practice group, focusing principally on the representation of private investment funds and their sponsors. In that role, he advised both established and emerging managers in organizing and operating hedge funds and other alternative investment funds. He has extensive experience in the laws and regulations applicable to private investment funds in the United States, the United Kingdom, and numerous other jurisdictions, and has counseled financial institutions and other fund sponsors regarding securities law compliance and other corporate matters.

“David brings a great depth of legal knowledge and global leadership experience to our senior management team,” said Mr. Healey. “His broad understanding of the asset management business, combined with his extensive work in the corporate and government arenas, make him ideally suited to serve as our General Counsel. David will be a tremendous asset to our team and we look forward to his contributions to the Company’s continued growth.”

Mr. Billings received a B.A. with high honors from the University of Virginia, where he was elected to Phi Beta Kappa. He received a J.D. from Harvard Law School, after which he was awarded a Rotary Foundation scholarship at the University of Strasbourg.

Mr. Billings succeeds Mr. Kingston, who will remain with the Company in a senior advisory role as Vice Chairman.

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