Affiliated Managers Group has selected Sean Healey, the Boston-based company's president and chief executive officer, to succeed William Nutt as chairman at the beginning of next year. Nutt will remain on the company's board of directors.

Healey, 49, has worked for AMG since 1995 when AMG had a single affiliate and under $1 billion in assets under management. The company now has 27 affiliates and approximately $300 billion in assets under management. Healey has been its president and CEO since 2005 and has been a member of the board of directors since 2001.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.