AMG opens Middle East sales and marketing office

"The Middle East, which includes some of the largest, most sophisticated pools of managed assets in the world, offers significant opportunities for AMG to help its Affiliates service existing clients, as well as establish significant new client relationships," said Nate Dalton, AMG's Executive Vice President and Chief Operating Officer. "Institutional investors worldwide are increasingly attracted to boutique investment managers, and through our global distribution initiative, they gain access to high quality, specialized investment services and products managed by our outstanding group of Affiliates."

"AMG continues to build on a successful track record of offering business development initiatives that enhance the growth of our boutique investment firms, and we are actively identifying additional markets where our Affiliates can expand their global reach," added Mr. Dalton.

Through this platform, AMG will provide institutional investors in the Middle East with investment services and products offered by its Affiliates across multiple investment styles and asset classes, including global and U.S. equities, real estate, currency and global asset allocation. AMG's Affiliates are recognized for their long-term track records, consistent adherence to their unique investment processes and the strength of their management teams. AMG has undertaken several initiatives to enhance the global presence of its Affiliates, including the opening of an office in Sydney, Australia, last year. AMG's Affiliates currently manage more than $70bn in assets for non-U.S. clients.

The Middle East effort is being led by David Waite, Managing Director. Mr. Waite joined AMG from ABN Amro Asset Management where he was Head of Asset Management, Middle East and Africa, responsible for client servicing, as well as marketing and sales for institutional clients. Mr. Waite previously held other roles in asset management including Head of Asset Management and Head of Portfolio Management for Gulf International Bank (UK) (formerly Saudi International Bank). Mr. Waite holds a BSc from the University of Wales, Swansea.

Mr. Dalton added, "David is an experienced professional with an excellent reputation in the sales and marketing sector, and we are pleased to have him head up our distribution efforts in the Middle Eastern markets."

"AMG has made tremendous progress in its efforts to grow globally by targeting markets where its boutique investment managers, which have broad appeal to sophisticated institutional investors, are recognized for their investment expertise," said Mr. Waite. "I look forward to supporting the distribution of its Affiliates' investment management services to institutional clients in the Middle East and providing superior execution in sales and client service for these industry-leading firms."