{{Use mdy dates|date=May 2023}} {{Short description|American businessman (1961–2020)}} {{distinguish|Sean Healy}} {{Infobox person | name = Sean M. Healey | image = | caption = | birth_date = {{Birth date|1961|05|09}} | birth_place = San Rafael, California, U.S. | death_date = {{death date and given age|2020|5|26|59}} | death_place = | other_names = | known_for = | alma_mater = Harvard University (AB, JD) | occupation = Businessman | title = Chairman & CEO of Affiliated Managers Group | term = 2005–2018 | spouse = {{ubl|{{marriage|Kerry Murphy|end = divorced}}|{{marriage|Amy Broch|2018}}}} | children = 3 }}
'''Sean Michael Healey''' (May 9, 1961 – May 26, 2020)<ref>{{cite news|title=Affiliated Managers Group, Reuters Company Information|url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=AMG|publisher=Reuters}}</ref><ref>{{Cite web |last=Donnelly |first=Shannon |title=Sean Healey, investment executive, dies at 59 |url=https://www.palmbeachdailynews.com/story/lifestyle/magazine/2020/06/06/sean-healey-investment-executive-dies-at-59/41740365/ |access-date=2025-05-12 |website=Palm Beach Daily News |language=en-US}}</ref> was an American businessman who was chairman and chief executive officer of Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management firm whose affiliates in aggregate managed approximately $736 billion as of December 31, 2018.<ref>{{cite news|title=AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2018|url=https://www.globenewswire.com/news-release/2019/02/04/1709737/0/en/AMG-Reports-Financial-and-Operating-Results-for-the-Fourth-Quarter-and-Full-Year-2018.html}}</ref>
==Early life and education== Healey was born in San Rafael, California.<ref name="Effinger">{{cite news|last=Effinger|first=Anthony|title=Healey Rules $400 Billion Empire with Stakes in 28 Funds|url=https://www.bloomberg.com/news/2012-07-09/healey-rules-400-billion-empire-with-stakes-in-28-funds.html|newspaper=Bloomberg Markets Magazine|date=July 9, 2012}}</ref> Healey attended high school in Oceanside, California, followed by Harvard College, where he was a member of the varsity wrestling squad.<ref name="Segal">{{cite news|last=Segal|first=Julie|title=AMG CEO Healey Coaxes Great Returns From Star Managers|newspaper=Institutional Investor|date=April 2011}}</ref> In 1983, he received an A.B. in history and literature, magna cum laude, and was elected to Phi Beta Kappa.
After graduating from Harvard, Healey was awarded a Rotary Scholarship to study philosophy at University College in Dublin, Ireland, and was awarded a master's degree in philosophy with first-class honors in 1984. In 1987, he earned a J.D. from Harvard Law School, and he was an editor of the Harvard Law Review.<ref name="Business Wire">{{cite news|title=AMG Names Sean M. Healey Chairman and Chief Executive Officer|newspaper=Business Wire|date=October 26, 2010}}</ref>
==Early career== Upon graduation from law school, Healey joined Goldman Sachs as an associate in the Mergers and Acquisitions Department,<ref>{{cite news|last=Kelley|first=Margie|title=In the Money: Alumni financiers take stock of the market and careers spent trying to beat it|url=http://www.law.harvard.edu/news/bulletin/2001/summer/feature_1-fulltext.html|newspaper=Harvard Law Bulletin|date=Summer 2001}}</ref> then transferred to a group that provided investment-banking services to financial institutions, where he worked under J. Christopher Flowers.<ref name="Effinger" />
==Affiliated Managers Group== In April 1995, Healey was recruited to join Affiliated Managers Group (AMG), then a three-person start-up firm seeking to invest in boutique money managers.<ref name="Effinger" /> AMG was founded in 1993 with private equity backing from TA Associates and made its first investment in 1994.<ref name="Segal" /> When Healey joined AMG as Executive Vice President, the firm had a single investment in a manager with under $1 billion of assets under management.<ref>{{cite news|last=Zuckerman|first=Gregory|title=Goldman Bankers Leaves to Join Money Management Corporation|newspaper=Mergers & Acquisitions Report|date=May 8, 1995}}</ref>
With Healey on board, AMG received its second round of capital and subsequently invested in several U.S.-based investment firms. By October 1996, AMG had approximately $18 billion under management.<ref name="Segal"/> In October 1997, AMG closed its investment for a 70% stake in Tweedy, Browne Company LLC, a well-known value-oriented investment management firm.<ref>{{cite news|title=Affiliated Managers Acquiring 70% of Tweedy Browne|url=https://www.nytimes.com/1997/08/19/business/affiliated-managers-acquiring-70-of-tweedy-browne.html?n=Top%252fReference%252fTimes%20Topics%252fSubjects%252fF%252fFinances|newspaper=New York Times|date=August 19, 1997}}</ref>
In November 1997, Healey led AMG’s initial public offering in which the company raised $176 million, priced at $23.50 per share.<ref>{{cite web|title=AFFILIATED MANAGERS GROUP INC (AMG) IPO|url=http://www.nasdaq.com/markets/ipos/company/affiliated-managers-group-inc-3249-9308|publisher=NASDAQ}}</ref> With proceeds from the offering, AMG continued to expand, and named Healey president and chief operating officer in October 1999.<ref>{{cite news|title=AMG Names Sean M. Healey President and Chief Operating Officer|newspaper=Business Wire|date=October 19, 1999}}</ref> In 2001, AMG was named in Fortune magazine’s list of 100 Fastest-Growing Companies<ref>{{cite news|title=Fortune's 100 Fastest-Growing Companies|newspaper=Fortune|date=September 2001}}</ref> and had approximately $81 billion in assets under management.<ref>{{cite web |title=Annual Report |url=https://www.sec.gov/Archives/edgar/data/1004434/000091205702012931/a2075179z10-k.txt |website=U.S. Securities and Exchange Commission |access-date=17 June 2023 |archive-url=https://web.archive.org/web/20150205194339/http://www.sec.gov/Archives/edgar/data/1004434/000091205702012931/a2075179z10-k.txt |archive-date=2015-02-05 |language=en-us |date=Dec 31, 2001 |url-status=live}}</ref> Healey became president and chief executive officer in 2005,<ref>{{cite news|title=AMG President Sean M. Healey to Become Chief Executive Officer on January 1, 2005|newspaper=Business Wire|date=October 26, 2004}}</ref> and chairman and chief executive officer in 2011.<ref name="Business Wire" />
AMG’s business model of leaving a portion of equity with each firm’s management as motivation for continuing to produce good performance and growth has been highly successful under Healey's leadership.<ref name="Effinger" /> AMG also uses employment contracts to ensure that asset management firms retain talented managers, and establishes long-term succession plans with managers.<ref name="Effinger" /> Healey has also been noted for being extraordinarily selective of his affiliate partners, stating in a recent interview that the company ultimately backs away from many more potential investments than it pursues.<ref>{{cite news|last=Santoli|first=Michael|title=Toll Collectors|newspaper=Barron's|date=July 11, 2005}}</ref>
Healey also helped AMG to expand globally.<ref name="Segal" /> AMG opened the firm’s first distribution office in Australia in 2007, and thereafter expanded into Europe, Asia and the Middle East, to help its affiliates develop relationships in overseas markets. AMG furthered its expansion with the formation of AMG Wealth Partners in 2011.<ref>{{cite news|last=Moore|first=Mary|title=Affiliated Managers Group Thriving with Diverse Boutiques|url=http://www.bizjournals.com/boston/print-edition/2012/07/13/affiliated-managers-group-thriving.html?page=all|newspaper=Boston Business Journal|date=July 13, 2012}}</ref>
After AMG posted three-year average earnings growth of 40%, ''Fortune'' magazine again named AMG to its list of 100 Fastest-Growing Companies in 2012.<ref>{{cite news|title=Fortune's Fastest Growing Companies|url=https://money.cnn.com/magazines/fortune/fastest-growing/2012/snapshots/96.html|archive-url=https://web.archive.org/web/20120910034328/http://money.cnn.com/magazines/fortune/fastest-growing/2012/snapshots/96.html|url-status=dead|archive-date=September 10, 2012|newspaper=Fortune}}</ref>
In May 2018, Healey was diagnosed with amyotrophic lateral sclerosis (a motor neuron disease otherwise known as ALS, or Lou Gehrig's disease) and AMG announced that Healey was stepping back to become Executive Chairman while Nate Dalton, AMG's long-time President and Chief Operating Officer, was named CEO.<ref>{{cite press release |title=AMG Announces that Nathaniel Dalton Succeeds Sean M. Healey as CEO |date=May 29, 2018 |url=https://www.globenewswire.com/news-release/2018/05/29/1513166/0/en/AMG-Announces-that-Nathaniel-Dalton-Succeeds-Sean-M-Healey-as-CEO.html |accessdate=March 27, 2019}}</ref>
==The Healey Center for ALS==
In November 2018, Healey, with support from AMG and a group of friends and colleagues, established the Sean M. Healey and AMG Center for ALS at Massachusetts General Hospital with an initial donation of $40 million.<ref>{{cite web |title=Investment executive Sean Healey leads $40m donation to Mass. General to fight ALS |url=https://www.bostonglobe.com/metro/2018/11/28/investment-firm-donates-million-set-als-research-center-massachusetts-general-hospital/gmBFfsvJUIkMwJbjnWEgpJ/story.html |website=Boston Globe}}</ref> The Healey Center is led by Dr. Merit Cudkowicz, a world-renowned ALS researcher and Chair of the Neurology Department at MGH. The Healey Center is the largest hospital-based ALS research program in the world and supports a broad range of early stage trials of promising ALS treatments.<ref>{{cite web |url=https://www.massgeneral.org/als/healeycenter/|title=Sean M. Healey & AMG Center for ALS at Mass General}}</ref>
==Personal life== Healey held a number of nonprofit board positions, including serving as co-chairman of the board of trustees of the Peabody Essex Museum;<ref>{{cite web|title=Peabody Essex Museum Leadership|url=http://www.pem.org/about/leadership#dan|accessdate=May 9, 2013}}</ref> as a member of the Council on Foreign Relations;<ref>{{cite web|title=Membership Roster, Council on Foreign Relations|url=http://www.cfr.org/about/membership/roster.html?letter=H}}</ref> the Visiting Committee of the Harvard Law School;<ref>{{cite web|title=Barron's Briefing Books Profile|url=http://www.smartmoney.com/barrons/briefingbooks/?page=executives&origin=barrons&symbol=AMG}}</ref> and the board of trustees of the International Game Fish Association.<ref>{{cite news|title=Forbes Magazine Profile|url=https://people.forbes.com/profile/sean-m-healey/2020|archive-url=https://web.archive.org/web/20090909235208/http://people.forbes.com/profile/sean-m-healey/2020|url-status=dead|archive-date=September 9, 2009}}</ref>
In 2006, Healey was appointed by President George W. Bush to serve on the President’s Export Council, the U.S.’s principal advisory committee on international trade.<ref>{{cite web|title=Personnel Announcement|url=https://georgewbush-whitehouse.archives.gov/news/releases/2006/05/20060508-11.html}}</ref>
Healey was an avid big-game hunter and sport fisherman, having boated a 93.5 pound white marlin, which was the winning fish in the 2010 White Marlin Open, the world’s largest billfish tournament.<ref>{{cite web|title=White Marlin Open gearing up for another action-packed event|url=http://oceancitymd.gov/blog/index.php/white-marlin-open-gearing-up-for-another-action-packed-event/|url-status=dead|archiveurl=https://web.archive.org/web/20130922175728/http://oceancitymd.gov/blog/index.php/white-marlin-open-gearing-up-for-another-action-packed-event/|archivedate=September 22, 2013}}</ref>
He was previously married to Kerry M. Healey, the former lieutenant governor of Massachusetts. They had two children.<ref>{{cite news|title=I Choose Harvard|url=http://alumni.harvard.edu/stories/i-choose-harvard-healey|newspaper=Harvard Alumni|date=February 8, 2012}}</ref> Healey remarried in 2018 to Amy Broch. The couple had one daughter.
Healey died from amytrophic lateral sclerosis on May 26, 2020, at the age of 59.<ref>{{cite news|url = https://www.nbcboston.com/news/local/longtime-amg-ceo-sean-healey-dies-following-als-diagnosis/2132540/|title = Longtime AMG CEO Sean Healey Dies Following ALS Diagnosis|work = WBTS-CD|date = May 28, 2020|accessdate = June 27, 2023}}</ref>
==References== {{reflist|30em}}
== External links == * [http://www.amg.com/Management/SeanHealey/ Profile] at Affiliated Managers Group
{{DEFAULTSORT:Healey, Sean}} Category:1961 births Category:2020 deaths Category:20th-century American businesspeople Category:21st-century American businesspeople Category:Deaths from motor neuron disease Category:Harvard College alumni Category:American chief executives of financial services companies Category:Harvard Law School alumni Category:Spouses of Massachusetts politicians Category:Goldman Sachs people