8 1 ▁billion ▁in ▁assets ▁under ▁management . ▁He ale y ▁became ▁president ▁and ▁chief ▁executive ▁officer ▁in ▁ 2 0 0 5 , ▁and ▁chairman ▁and ▁chief ▁executive ▁officer ▁in ▁ 2 0 1 1 . ▁ ▁AM G ’ s ▁business ▁model ▁of ▁leaving ▁a ▁portion ▁of ▁equ ity ▁with ▁each ▁firm ’ s ▁management ▁as ▁motiv ation ▁for ▁continu ing ▁to ▁produce ▁good ▁performance ▁and ▁growth ▁has ▁been ▁highly ▁successful ▁under ▁He ale y ' s ▁leadership . ▁ ▁AM G ▁also ▁uses ▁employ ment ▁contract s ▁to ▁ensure ▁that ▁asset ▁management ▁fir ms ▁retain ▁tal ented ▁man agers , ▁and ▁establish es ▁long - term ▁succession ▁plans ▁with ▁man agers . ▁ ▁He ale y ▁has ▁also ▁been ▁noted ▁for ▁being ▁extra ordin arily ▁select ive ▁of ▁his ▁affili ate ▁partners , ▁stating ▁in ▁a ▁recent ▁interview ▁that ▁the ▁company ▁ultimately ▁back s ▁away ▁from ▁many ▁more ▁potential ▁invest ments ▁than ▁it ▁purs ues . ▁ ▁He ale y ▁has ▁also ▁helped ▁AM G ▁to ▁expand ▁glob ally . ▁ ▁AM G ▁opened ▁the ▁firm ’ s ▁first ▁distribution ▁office ▁in ▁Australia ▁in ▁ 2 0 0 7 , ▁and ▁there after ▁expanded ▁into ▁Europe , ▁Asia ▁and ▁the ▁Middle ▁East , ▁to ▁help ▁its ▁affili ates ▁develop ▁relationships ▁in ▁over se as ▁mark ets . ▁AM G ▁further ed ▁its ▁expansion ▁with ▁the ▁formation ▁of ▁AM G ▁We alth ▁Part ners ▁in ▁ 2 0 1 1 . ▁ ▁After ▁AM G ▁posted ▁three - year ▁average ▁ear