What does the affiliated manager group do?
AMG was created to provide a succession planning solution to independent investment firms; today we offer the broadest array of partnership solutions available to independent firms to help them remain independent – including growth capital, capital formation capabilities across both product development and distribution . The AMG® designation on certain Mercedes Benz vehicles stands for “Aufrecht Melcher Großaspach. The first two words are the last names of Mercedes’ founders, Hans- Werner Aufrecht and Erhard Melcher. The last word, Großaspach, is the name of a city in Germany where Aufrecht was born.Affiliated Managers Group, Inc. AMG) is an American financial services firm founded in 1993 and headquartered in West Palm Beach, Florida. The company’s stock trades on the New York Stock Exchange under the symbol AMG, and is listed on the S&P 400 for mid-size American firms.WEST PALM BEACH, Fla. March 25, 2024 (GLOBE NEWSWIRE) — AMG, a leading partner to independent investment management firms globally, today announced the appointments of Thomas M. Wojcik as Chief Operating Officer and Dava E. Ritchea as Chief Financial Officer, effective April 1, 2024.Mercedes-AMG GmbH, commonly known as AMG (Aufrecht, Melcher, Großaspach), is the high-performance subsidiary of Mercedes-Benz AG. AMG independently hires engineers and contracts with manufacturers to customize Mercedes-Benz AMG vehicles. The company has its headquarters in Affalterbach, Baden-Württemberg, Germany.
What kind of company is AMG?
Mercedes-AMG GmbH, commonly known as AMG (Aufrecht, Melcher, Großaspach), is the high-performance subsidiary of Mercedes-Benz AG. AMG independently hires engineers and contracts with manufacturers to customize Mercedes-Benz AMG vehicles. The company has its headquarters in Affalterbach, Baden-Württemberg, Germany. AMG® started as an independent performance and tuning company focused on modifying Mercedes-Benz vehicles specifically for racing. Over the years, it evolved into a wholly owned subsidiary of Mercedes-Benz, specializing in creating some of the world’s most powerful and luxurious performance cars.History of Mercedes-AMG® In 1967, automotive engineers Hans-Werner Aufrecht and Erhard Melcher start AMG® in an old mill in Burgstall, Germany. Their mission: to develop and test racing engines for Mercedes-Benz vehicles.AMG – these three letters stand worldwide for supreme automotive performance, exclusiveness, efficiency and highly dynamic driving pleasure. Today, as a wholly owned subsidiary of Mercedes-Benz Group AG, the Affalterbach-based company represents the sporting spearhead of the Group.