Marcy Engel to join AMG board as Dwight Churchill retires

WEST PALM BEACH - Affiliated Managers Group, Inc. (NYSE:AMG), currently trading near its 52-week high at $223.35, announced Thursday the appointment of Marcy Engel to its Board of Directors effective September 30, 2025, coinciding with the retirement of Dwight D. Churchill after 15 years of service. According to InvestingPro data, the company has demonstrated strong momentum with a 31.34% return over the past six months.

Engel previously served as Chairperson of the board at Sculptor Capital Management from 2021 to 2023 until its acquisition by Rithm Capital Corp. Her experience includes roles as Chief Operating Officer and General Counsel at Eton Park Capital Management, where she oversaw non-investment operations. Prior to that, she held senior positions at Citigroup and its predecessor firms. The appointment comes as AMG maintains a strong financial position, with InvestingPro analysis showing the company’s liquid assets exceeding short-term obligations and maintaining dividend payments for 9 consecutive years.

Churchill, who joined AMG’s Board in February 2010, has served in various leadership capacities including Audit Committee Chair and Board Chair during his tenure.

"We are delighted to welcome Marcy as an independent Director, given her significant experience in financial services," said Loren M. Starr, Chair of AMG’s Board of Directors, in the press release statement.

Churchill expressed gratitude for his time with the company, stating, "Upon completing fifteen rewarding years of service on AMG’s Board of Directors, I have decided that now is the right time to retire."

AMG CEO Jay C. Horgen acknowledged Churchill’s contributions, noting that "AMG and our shareholders have deeply benefited from his leadership and insight."

As of June 30, 2025, AMG reported approximately $771 billion in assets under management across various investment strategies. The company, with a market capitalization of $6.35 billion, describes itself as a strategic partner to independent investment management firms globally. InvestingPro analysis indicates the stock is currently undervalued, with analysts recently revising earnings estimates upward for the upcoming period. For detailed insights and more exclusive tips about AMG’s performance and outlook, investors can access the comprehensive Pro Research Report, available to InvestingPro subscribers.

In other recent news, Affiliated Managers Group (AMG) has seen significant developments. Analysts at TD Cowen have raised their price target for AMG to $287, citing a potential structural undervaluation by investors. Goldman Sachs has upgraded AMG from Neutral to Buy, with a new price target of $218, based on expected growth in organic base fee and positive trends in private markets affiliates. Additionally, AMG has appointed Thomas M. Wojcik as its new President, while he retains his role as Chief Operating Officer. Wojcik brings extensive experience from his previous roles at BlackRock, Inc. Furthermore, TD Cowen has also increased its price target for AMG to $196 following a positive review of the company’s first-quarter 2025 performance. This review highlighted improved financial guidance, a robust deal pipeline, and ongoing share repurchases. These updates reflect a period of strategic adjustments and optimistic projections for AMG’s future.

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