Dear Clients:

Since we founded Artisan Partners in 1994, I have been committed to the development of a high quality investment firm that our clients could feel confident about investing with over the long-term.An important part of that commitment has been the development of a deep, talented management team.

I am pleased to inform you that as part of an ongoing transition of responsibilities at our firm, I will assume the title of Executive Chairman. Eric Colson, who has been our Chief Operating Officer for Investment Operations, will become Chief Executive Officer.

As Executive Chairman, I will continue to be an active member of our management team. In this role my efforts will largely be focused on decisions that impact our strategic direction.As CEO, Eric will assume responsibility for the day-to-day management of the firm. We will continue to collaborate on the important issues facing Artisan Partners, as we have for the past several years.

Eric joined Artisan Partners in 2005 and has worked closely with me on investment team development and investment process oversight. Over the years he has created significant value for the firm and our clients. He understands our business thoroughly and I am confident he will do a terrific job as CEO. I look forward to working with him in that capacity on your behalf.




Andrew A. Ziegler
Founding Partner,
Executive Chairman


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