AMG now has a chief executive for its U.S. retail distribution business.

Jeffrey Cerutti, has just been named chief executive officer of AMG Funds, which is the new name of AMG's retail business, formerly known as “Managers Investment Group.”

According to a company statement, Cerutti will be "responsible for evolving and executing the Company’s strategy for its U.S. retail distribution business, AMG Funds."

It is a newly-created position.

Cerutti previously served as executive vice president, head of distribution, for Virtus Investment Partners, where he was responsible for the distribution of all investment products across all channels and platforms. Before that, Cerutti served as managing director, head of national sales at UBS Global Asset Management, where he led the distribution efforts of UBS mutual funds, separately managed accounts, and alternative investments within various retail channels.

He will be based in Norwalk, Conn., and report to Andrew Dyson, AMG's Executive Vice President and Head of Global Distribution.

“Jeff has tremendous experience, including a 20-year track record in developing and leading the retail distribution efforts of several asset management businesses,” stated Sean M. Healey, Chairman and Chief Executive Officer of AMG. “Given his expertise, Jeff will play an instrumental role in accelerating the growth of our U.S. retail platform as AMG continues to create a differentiated value proposition for clients in this area. I know he will be an excellent addition to our senior team.” 

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