Fiera Capital Corp. and Natixis Investment Managers are entering a long-term strategic partnership that will establish Fiera Capital as Natixis’ preferred Canadian distribution platform.

Through the partnership, Natixis has acquired an 11 per cent stake in Fiera Capital. 

“This partnership with Natixis will further strengthen Fiera Capital’s global leadership position as we continue to execute on our 2022 strategic plan to become one of the top 100 asset managers in the world,” said Jean-Guy Desjardins, chairman and chief executive officer of Fiera Capital, in a press release. “We are excited to offer Natixis’ . . . active global investment strategies to our Canadian client base and to establish a long-term partnership with a global player with $1.2 trillion [assets under management] and a presence in 38 countries.”

Read: Canada slides down a spot in global retirement security ranking

The partnership also includes acquisitions by Natixis totalling 10.68 million class A subordinate voting shares of Fiera Capital and DJM Capital, an entity controlled by Desjardins, for a total of $128.16 million. 

“We are pleased to expand our commitment to the Canadian market by establishing this long-term partnership with one of its premier asset managers, Fiera Capital,” said Jean Raby, CEO of Natixis Investment Managers. “Fiera Capital has an experienced team, a strong track record and a leading distribution network in Canada, and this partnership will enable both firms to better serve our clients by offering a broader range of active investment strategies.”

Read: Fiera Capital to acquire Ontario investment management firm

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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