Jean-Philippe Lemay will take over for Sylvain Roy and remain as CIO of the company
Jean-Guy Desjardins has now assumed the position of president while John Valentini and François Bourdon have been given expanded roles
Jean-Guy Desjardins, Fiera’s CEO and chairman, will take over Sylvain Brosseau’s responsibilities in the interim
Strategic Income Allocation Fund will be terminated sometime after March 20
The firm’s global equity team, led by Nadim Rizk, senior vice president and a lead portfolio manager at the firm, will manage Fiera Capital International Equity Fund
Fees on Fiera Capital U.S. Equity Fund, Fiera Capital Defensive Global Equity Fund and Fiera Capital Global Equity Fund have been cut by 0.25%, 0.3% and 0.35%, respectively
Gagnon will take the place of Louis Vachon, president and CEO of National Bank, who had joined Fiera’s board in 2012 following National Bank’s sale of Natcan to Fiera
The London, U.K.-based firm’s focus on emerging and frontier markets will add to Fiera’s global offering in equities
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The purchase is a related-party deal as Centria is being bought from DJM Capital, a holding company that also controls Fiera indirectly