Jeffrey T. Cerutti has been appointed to the newly created position of CEO at Affiliated Managers Group Inc., a global asset management company, AMG announced Tuesday.

Cerutti will be responsible for AMG’s strategy for its U.S. retail distribution business, AMG Funds, which has approximately $80 billion in assets under management and administration. He joins AMG from Virtus Investment Partners Inc., where he was executive vice president, head of distribution, and responsible for the distribution of all investment products across all channels and platforms.