AMG appoints Thomas Wojcik as new president

WEST PALM BEACH – Affiliated Managers Group, Inc. (NYSE: AMG), a global partner to independent investment management firms with a market capitalization of $5.1 billion, announced today the appointment of Thomas M. Wojcik as its new President, effective immediately. Wojcik, who will retain his role as Chief Operating Officer, takes over the presidency from Jay C. Horgen, who remains the Chief Executive Officer. According to InvestingPro analysis, AMG currently trades at an attractive valuation with a P/E ratio of 13.6, suggesting potential upside based on the platform’s Fair Value calculations.

Wojcik’s promotion comes after a tenure as AMG’s Chief Financial Officer from 2019 to 2024 and his subsequent role as Chief Operating Officer in 2024. He joined AMG in 2019, bringing a wealth of experience from BlackRock, Inc., where he served in various leadership capacities including Global Head of Corporate Development and Investor Relations, and as Chief Financial Officer for EMEA.

Under Wojcik’s leadership, AMG has seen significant growth, particularly in private markets and liquid alternative strategies, which now account for half of the company’s earnings. The company has demonstrated strong financial performance with $2.04 billion in revenue and an impressive free cash flow yield of 18% over the last twelve months. Horgen praised Wojcik’s contributions, stating that his leadership has been instrumental in AMG’s strategic and cultural evolution, and expressed confidence in their continued collaboration. InvestingPro data reveals that management has been actively buying back shares, highlighting their confidence in the company’s future prospects.

AMG, which reported assets under management of approximately $712 billion as of March 31, 2025, focuses on investing in high-quality independent partner-owned firms and supporting their independence and ownership culture. The company’s strategy emphasizes long-term value generation through a partnership approach and the allocation of resources to high-growth and return areas.

This leadership change is based on a press release statement and reflects the company’s commitment to its growth strategy and the execution of its unique opportunity set. As AMG continues to develop, investors are encouraged to follow the company’s progress through regular updates posted in the Investor Relations section of its website. For deeper insights into AMG’s financial health (currently rated as GOOD by InvestingPro), including detailed analysis and additional ProTips, investors can access the comprehensive Pro Research Report, part of the platform’s coverage of over 1,400 US equities.

In other recent news, Affiliated Managers Group (AMG) reported several significant developments. TD Cowen raised its price target for AMG to $196 from $168, maintaining a "Hold" rating, following AMG’s first-quarter 2025 performance review. The firm highlighted improved financial guidance, a robust deal pipeline, and ongoing share repurchases as key factors contributing to this decision. In addition, AMG announced an agreement to acquire a minority equity interest in Verition Fund Management, a multi-strategy investment firm managing approximately $12.6 billion in assets. This transaction is expected to close in the second quarter of 2025, with Verition’s management retaining the majority of the firm’s equity. Furthermore, AMG is considering selling its minority stake in Comvest Partners, an alternative-asset manager overseeing about $15.7 billion, potentially valuing Comvest at $700 million or more. Lastly, AMG Critical Materials N.V. completed the reacquisition of a 40% stake in Graphit Kropfmühl GmbH, a strategic move to strengthen its position in the market for energy storage and CO2 reduction materials. These recent developments underscore AMG’s strategic initiatives and financial adjustments.

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