Jay C. Horgen is the President and CEO of Affiliated Managers Group (AMG), a leading investment management firm. He took over as CEO in May 2019 as part of a planned transition after many years in key roles at the company, including Chief Financial Officer. With a strong financial background gained from working as an investment banker at Merrill Lynch and Goldman Sachs, Horgen knows the ins and outs of financial services. Under his leadership, AMG focuses on aligning executive incentives with long-term value for stockholders. In 2023, Horgen's total compensation was approximately $11.85 million, with a notable performance-based cash bonus and significant stock vested due to successful company performance. Interestingly, Horgen has been hands-on with stock ownership, holding sizable stakes in AMG, which shows his personal commitment to the company's success. His approach emphasizes sustainability and smart growth. Overall, Horgen is steering AMG towards strategic expansion in the competitive asset management landscape, adapting to market changes while focusing on strong returns for investors.

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Jay C. Horgen

CEO of Affiliated Managers Group

Field of Expertise

Business & Management

Sector of Economy

Financial Services

CEO of Affiliated Managers Group for

5 years 11 months (May 2019 - Present)

Previous Experience

Various roles at Affiliated Managers Group, including President and Chief Financial Officer

Rivals

Competitors/colleagues of Jay C. Horgen

Ali Dibadj

CEO of Janus Henderson Group

2023 Compensation

Stock

$1.90M

Salary

$725.00K

Bonus

$3.08M

Other

$355.56K

Total Holdings

$635.28K

Laurence D. Fink

Founder and CEO of Blackrock

2023 Compensation

Stock

$4.03M

Salary

$1.50M

Bonus

$7.90M

Other

$1.09M

Total Holdings

$290.93M

Jim Cracchiolo

CEO of Ameriprise Financial

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$8.38M

Other

$0.00

Total Holdings

$101.57M

Ronald J. Kruszewski

CEO of Stifel Financial

2023 Compensation

Stock

$0.00

Salary

$200.00K

Bonus

$2.26M

Other

$822.06K

Total Holdings

$137.96M

Robin M. Raju

CEO of Equitable Holdings

2022 Compensation

Stock

$10.60M

Salary

$1.25M

Bonus

$0.00

Other

$953.42K

Total Holdings

$7.77M

Richard W. Smirl

CEO of Virtus Investment Partners

2023 Compensation

Stock

$398.11K

Salary

$425.00K

Bonus

$1.93M

Other

$0.00

Total Holdings

$2.05M

Holdings

See how much did Jay C. Horgen make over time.

Jay C. Horgen has seen notable fluctuations in his stock holdings with AMG. In early 2023, his insider trading activities showed values reaching around $40 million, with peaks indicating he was resilient in fluctuating markets. His holdings grew significantly, cresting at over $47 million in January 2024. Horgen’s success in stock ownership mirrors AMG’s growth, reflecting his confidence in the company’s future. The dramatic rises in his stock values also reveal his strategic investments aligning with the firm’s performance. Over the years, he's stayed heavily invested, managing to keep a significant percentage of his wealth in AMG shares, showcasing both his belief in the firm’s vision and his ties to shareholder interests. Investors often look to insiders like Horgen for insights on company performance, and they see his commitment reflected through his growing stakes in his own company.

Mar 18, 2025

AMG @ $166.21

Total Stock Sold

$64.62M

AMG

$64.62M

416,443 AMG shares

What if they kept their stock?

If Jay C. Horgen didn't sell their stock, today they would have:
Extra AMG416,443 shares worth $27.74M.
This is -57.08% and $36.88M less than what they got when they sold the stock.

Charitable Transactions

AMG

12,223 shares

AMG

Recent Charitable Transactions

AMG

6,000 shares

AMG

Jan 1, 2022

Charity

AMG

4,525 shares

AMG

Jan 1, 2019

Charity

AMG

600 shares

AMG

Jan 1, 2017

Charity

AMG

288 shares

AMG

Jan 1, 2016

Charity

AMG

250 shares

AMG

Jan 1, 2015

Charity

AMG

560 shares

AMG

Dec 18, 2013

Charity

Insider Trading

See recent insider trades of Jay C. Horgen.

AMG

$3.13M

AMG at $170.95/share

Aug 19, 2024

Sale

AMG

22,611 shares

AMG

Mar 5, 2024

Received

AMG

60,814 shares

AMG

Mar 5, 2023

Received

AMG

33,402 shares

AMG

Mar 5, 2022

Received

AMG

6,000 shares

AMG

Jan 1, 2022

Charity

AMG

$316.02K

AMG at $158.01/share

Sep 14, 2021

Purchase

AMG

19,298 shares

AMG

Mar 5, 2021

Received

AMG

$544.92K

AMG at $136.23/share

Feb 9, 2021

Purchase

AMG

$339.50K

AMG at $67.90/share

Sep 1, 2020

Purchase

AMG

$592.60K

AMG at $59.26/share

May 13, 2020

Purchase

Compensation History

See how much did Jay C. Horgen make over time.

In 2023, Jay C. Horgen's total compensation reached approximately $11.85 million, made up of a base salary, a significant performance-based bonus, and vested stock. He earned a base salary of $750,000 and received a performance-based cash bonus of about $4.81 million, illustrating the company's method of rewarding success directly tied to results. In addition, Horgen saw $6.23 million in vested stock, representing long-term equity awards based on previous performance, emphasizing a pay-for-performance structure. Historically, his compensation has shown steady growth, aligning with the company's increasing performance and shareholder returns. This structure is designed not only to reward Horgen for achieving corporate goals but also to ensure he remains invested in the company's future, which reflects well for stakeholders.

Year

2023

Total Compensation

$11.85M

Salary

$750.00K

Board Justification

The compensation program is designed to align management incentives with long-term stockholder interests, focusing on attracting, retaining, and motivating key members of senior management while avoiding excessive risk-taking.

Bonus

$4.81M

Board Justification

Performance-based cash bonuses awarded in recognition of performance in 2023, determined using the Performance Assessment scorecard and framework, applying a formulaic score to Target Total Payout levels set based on peer benchmarking.

Other

$66.82K

Board Justification

Other compensation consisted of contributions to a 401(k) profit-sharing or similar pension plan, medical benefits, life and long-term disability insurance premiums, and tax preparation services.

Restricted Stock

$6.23M(6.23M RSU)

Board Justification

The value of the stock awards that vested in 2023, which were granted in recognition of performance in 2022, and are tied to the achievement of rigorous pre-established performance targets.

Performance Metrics

Performance metrics include Annual Management Fee EBITDA, Annual Economic Earnings per Share (EEPS), Total Stockholder Return (TSR), and AUM Contribution from Selected Strategic Target Areas.

Other Affiliated Managers Group CEOs

Here are other CEOs of Affiliated Managers Group

Sean M. Healey

CEO of Affiliated Managers Group

January 2005 - Invalid Date