Plus, new ETF series from Ninepoint, mutual funds from Desjardins; Fiera, TDAM announce fund changes
Plus, multiple other firms launch funds, announce fund changes
Transaction is valued at $53 million and follows an April announcement from Desjardins
Desjardins says the transaction "does not call into question our business relationship with Fiera"
Top-level shifts were announced at several major firms, including National Bank Financial, iA Financial Group and RBC Insurance
Jean-Philippe Lemay is stepping aside after one year in the job
Changes include two business banking leadership shifts
A 2019 distribution agreement remains in place, with Fiera as Natixis' preferred Canadian distributor
Fiera Capital founder Jean-Guy Desjardins will become executive chairman while Jean-Philippe Lemay will become CEO
Assets under management were $180.8 billion at Sept. 30