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Jean-Guy Desjardins as drawn by Anthony Jenkins for The Lunch. Mr. Desjardins’ Fiera Capital Corp. is charging ahead on its U.S. expansion with two acquisitions in Los Angeles and New York.
Jean-Guy Desjardins as drawn by Anthony Jenkins for The Lunch. Mr. Desjardins’ Fiera Capital Corp. is charging ahead on its U.S. expansion with two acquisitions in Los Angeles and New York.
(Anthony Jenkins/The Globe and Mail)

Quebec’s Fiera Capital snaps up two U.S. firms

One of Canada’s largest independent asset managers, Fiera Capital Corp., is charging ahead on its U.S. expansion with two acquisitions in Los Angeles and New York.

Quebec-based Fiera, which is run by money management veteran Jean-Guy Desjardins, said Tuesday afternoon that it would acquire a U.S. wealth management business and a global asset manager. Together, both deals are worth $156.25-million (U.S.) and are expected to close at the end of October.