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Fiera Capital opened an institutional distribution office in New York, and acquired a U.S. wealth management business and a global asset manager. It is looking to increase its presence in the U.S.
Fiera Capital opened an institutional distribution office in New York, and acquired a U.S. wealth management business and a global asset manager. It is looking to increase its presence in the U.S.
(© Gary Hershorn / Reuters/REUTERS)

Fiera Capital ramping up plans for U.S. expansion

Fiera Capital Corp. rang in its 10th anniversary this week, but the next few decades will require the asset manager to develop a new range of strategies and skills.

Companies in the investment industry will need to have North American scale to be competitive in the investment industry 15 to 20 years from now, according to the firm’s founder and chief executive officer, Jean-Guy Desjardins. For Fiera, that means shifting the firm’s asset mix and, more importantly, becoming a significant player in the U.S. market.