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Sean Michael Healey (1961-2020) was the chairman and
chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
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.


Early life and education

Healey was born in
San Rafael, California San Rafael ( ; Spanish for " St. Raphael", ) is a city and the county seat of Marin County, California, United States. The city is located in the North Bay region of the San Francisco Bay Area. As of the 2020 U.S. census, the city's populatio ...
. Healey attended high school in
Oceanside, California Oceanside is a city on the South Coast of California, located in San Diego County. The city had a population of 167,086 at the 2010 census. The city is a popular tourist destination, owing to its historic landmarks, beaches, and architecture. ...
, followed by
Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher ...
, where he was a member of the varsity wrestling squad. In 1983, he received an A.B. in history and literature, magna cum laude, and was elected to
Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal a ...
. After graduating from Harvard, Healey was awarded a
Rotary Scholarship Rotary International offers a number of scholarships worldwide for periods of 3 months, 6 months, 1 year and 2 years. Ambassadorial Mission The purpose of the Ambassadorial Scholarship was to further international understanding and friendly rela ...
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 Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...
, and he was an editor of the
Harvard Law Review The ''Harvard Law Review'' is a law review published by an independent student group at Harvard Law School. According to the ''Journal Citation Reports'', the ''Harvard Law Review''s 2015 impact factor of 4.979 placed the journal first out of 143 ...
.


Early career

Upon graduation from law school, Healey joined Goldman Sachs as an associate in the Mergers and Acquisitions Department, then transferred to a group that provided investment-banking services to financial institutions, where he worked under
J. Christopher Flowers James Christopher Flowers is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee. Early l ...
.


Affiliated Managers Group

In April 1995, Healey was recruited to join
Affiliated Managers Group Affiliated Managers Group, Inc. (NYSE: AMG) is a strategic partner to independent investment management firms globally, with equity stakes in a number of partner-owned traditional investment managers, hedge funds, and specialized private equity fi ...
(AMG), then a three-person start-up firm seeking to invest in boutique money managers. AMG was founded in 1993 with private equity backing from TA Associates and made its first investment in 1994. 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. With Healey on board, AMG received its second round of capital and subsequently invested in several
U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territor ...
-based investment firms. By October 1996, AMG had approximately $18 billion under management. In October 1997, AMG closed its investment for a 70% stake in Tweedy, Browne Company LLC, a well-known value-oriented investment management firm. In November 1997, Healey led AMG’s initial public offering in which the company raised $176 million, priced at $23.50 per share. With proceeds from the offering, AMG continued to expand, and named Healey president and chief operating officer in October 1999. In 2001, AMG was named in Fortune magazine’s list of 100 Fastest-Growing Companies and had approximately $81 billion in assets under management. Healey became president and chief executive officer in 2005, and chairman and chief executive officer in 2011. 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. AMG also uses employment contracts to ensure that asset management firms retain talented managers, and establishes long-term succession plans with managers. 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. Healey also helped AMG to expand globally. 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. 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. In May 2018, Healey was diagnosed with
amyotrophic lateral sclerosis Amyotrophic lateral sclerosis (ALS), also known as motor neuron disease (MND) or Lou Gehrig's disease, is a neurodegenerative disease that results in the progressive loss of motor neurons that control voluntary muscles. ALS is the most comm ...
(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.


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 Massachusetts General Hospital (Mass General or MGH) is the original and largest teaching hospital of Harvard Medical School located in the West End neighborhood of Boston, Massachusetts. It is the third oldest general hospital in the United State ...
with an initial donation of $40 million. The Healey Center is led by Dr. Merit Cudkowicz, a world-renowned ALS researcher and Chair of the
Neurology Neurology (from el, νεῦρον (neûron), "string, nerve" and the suffix -logia, "study of") is the branch of medicine dealing with the diagnosis and treatment of all categories of conditions and disease involving the brain, the spinal ...
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.


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 The Peabody Essex Museum (PEM) in Salem, Massachusetts, US, is a successor to the East India Marine Society, established in 1799. It combines the collections of the former Peabody Museum of Salem (which acquired the Society's collection) and the ...
; as a member of the
Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York Ci ...
; the Visiting Committee of the Harvard Law School; and the board of trustees of the
International Game Fish Association The International Game Fish Association (''IGFA'') is the leading authority on angling pursuits and the keeper of the most current World Record fishing catches by fish categories. Fishermen who are sport fishers are careful to follow their string ...
. In 2006, Healey was appointed by President
George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
to serve on the
President’s Export Council The President's Export Council is an American government organization that serves as the principal national advisory committee on international trade. The Council advises the President of government policies and programs that affect U.S. trade perfo ...
, the U.S.’s principal advisory committee on international trade. 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. He was previously married to Kerry M. Healey, the former lieutenant governor of Massachusetts. They had two young adult children. Healey remarried in 2018 to Amy Broch. The couple had one daughter. He died in May 202


References


External links


Profile
at
Affiliated Managers Group Affiliated Managers Group, Inc. (NYSE: AMG) is a strategic partner to independent investment management firms globally, with equity stakes in a number of partner-owned traditional investment managers, hedge funds, and specialized private equity fi ...
{{DEFAULTSORT:Healey, Sean 1961 births 2020 deaths Harvard College alumni American chief executives of financial services companies Harvard Law School alumni Spouses of Massachusetts politicians