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Christmas lights are illuminated at an office building of Swiss bank UBS in Zurich Dec. 4, 2012. U.S. group General Electric wants to sell its Swiss consumer lending business and UBS is a possible bidder, sources said Tuesday.
Christmas lights are illuminated at an office building of Swiss bank UBS in Zurich Dec. 4, 2012. U.S. group General Electric wants to sell its Swiss consumer lending business and UBS is a possible bidder, sources said Tuesday.
(Arnd Wiegmann/Reuters)

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Fiera adds $8-billion in assets, this time from UBS

Striking an acquisition to double the size of your business would normally be enough deal-making in one year for most chief executive officers. But not for Jean-Guy Desjardins. Not in 2012.

The head of Fiera Capital Corp. already bought Natcan Investment Management from National Bank of Canada in June, and added a tuck-in Western Canadian acquisition in October. But now he's scooping up UBS's Canadian asset management arm, adding fixed-income, equity and balanced funds to his fast-growing business.