Affiliated Managers to open London office

Affiliated Managers Group Inc., a diversified asset management company in Beverly that refers to itself as AMG, today announced the opening of an office in London.

The opening of the London office is part of a company plan to extend the global institutional distribution capabilities of its affiliates to the Middle East.

"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," AMG executive vice president and chief operating officer Nate Dalton said in a statement.
(By Chris Reidy, Globe staff)