Around the region

Investment firm pays CEO $20m

Sean M. Healey, chief executive of the investment firm Affiliated Managers Group, received $20 million in total compensation last year, up from $19.8 million in 2012.

Healey’s pay at the Beverly-based owner of investment groups included a $5 million cash bonus and $14 million in stock awards, according to the company’s stockholder proxy filed Wednesday. He is the husband of former lieutenant governor Kerry M. Healey, who is now president of Babson College in Wellesley.


The AMG chief also earned nearly $22 million exercising stock options last year.

In 2013, AMG’s revenue rose 22 percent to $2.2 billion. Net income more than doubled, to $360.5 million. The company managed $594 billion in assets at the end of March, up 28 percent from a year ago, it said.

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AMG has been on a buying spree in recent months. This week, the company said it was acquiring a majority stake in Veritas Asset Management, a global and Asian equity manager with offices in London and Hong Kong and $17 billion under management.

Beth Healy

Beth Healy can be reached at Follow her on Twitter @HealyBeth.
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