Fiera Capital Corp. is to acquire independent asset manager and London, England-based Charlemagne Capital Ltd.
According to Fiera Capital, the acquisition would provide Fiera Capital with an entry into the emerging and frontier markets asset class, and create a European platform to enhance the growth and distribution of its existing investment strategies.
“The acquisition of Charlemagne Capital would be an important step in advancing our global presence by teaming up with a high quality emerging and frontier markets specialist, with an excellent track record of performance, a proven team of investment professionals and a strong culturally aligned management team,” said Jean-Guy Desjardins, chairman and chief executive officer of Fiera Capital, in a news release.
“The addition of emerging and frontier markets strategies to our strong global offering in equities would benefit our clients who are consistently looking for diversification opportunities.”