Affiliated Managers Group Inc., the locally-based global asset management firm, said Tuesday that it has appointed Jeffrey T. Cerutti to a newly created position of chief executive of AMG Funds.
In this role, Cerutti will be responsible for evolving and executing the company’s strategy for its US retail distribution business, AMG Funds, which has about $80 billion in assets under management and administration. Cerutti will be based in Norwalk, Conn., and report to Andrew Dyson, AMG’s executive vice president and head of global distribution.
Cerutti joins AMG from Virtus Investment Partners Inc.
“Jeff has tremendous experience, including a 20-year track record in developing and leading the retail distribution efforts of several asset management businesses,” AMG chairman and chief executive Sean M. Healey said in a statement. “Given his expertise, Jeff will play an instrumental role in accelerating the growth of our US retail platform as AMG continues to create a differentiated value proposition for clients in this area.”