MONTREAL and LONDON, December 14,
2016 /PRNewswire/ --
Fiera Capital Corporation ("Fiera Capital" or the "Firm") (TSX:
FSZ) announced today that, all the conditions of the offer having
been satisfied, it has completed the acquisition of
Charlemagne Capital Limited ("Charlemagne"), an independent asset manager
specializing in frontier and emerging market asset classes. The
acquisition of Charlemagne is
expected to add US$2 billion to Fiera
Capital's assets under management.
"The addition of emerging and frontier markets strategies to our
strong global offering in equities will benefit our clients who are
consistently looking for diversification opportunities," said
Jean-Guy Desjardins, Chairman and
Chief Executive Officer of Fiera Capital. "Charlemagne will add complementary expertise
to our platform and strengthens the ability to serve our North
American clients while providing Charlemagne access to Fiera Capital's existing
distribution network. Furthermore, this team has a wealth of
knowledge in an asset class that we have identified as having great
growth potential."
Fiera Capital and Charlemagne
will integrate their activities over the coming months, with a view
to maximising cross-selling opportunities and to further diversify
the Firm's product offerings in Canada and the
United States. The acquisition of Charlemagne Capital is
also an important step in advancing Fiera Capital's growing global
presence, providing the Firm with a foothold into the European
market.
About Fiera Capital Corporation
Fiera Capital is a leading North American independent asset
management firm with more than CAD$112
billion in assets under management as at September 30, 2016. The Firm provides
institutional, retail and private wealth clients with access to
full-service integrated money management solutions across
traditional and alternative asset classes. Clients and their
portfolios derive benefit from Fiera Capital's depth of expertise,
diversified offerings and outstanding service. Fiera
Capital trades under the ticker FSZ on the Toronto Stock
Exchange. http://www.fieracapital.com
In the U.S., asset management services are provided by the
Firm's U.S. affiliates, Bel Air Investment Advisors LLC and Fiera
Capital Inc., investment advisers that are registered with the U.S.
Securities and Exchange Commission (SEC). Registration with the SEC
does not imply a certain level of skill or training. Additional
information about Fiera Capital Corporation, including the Firm's
annual information form, is available on SEDAR
at http://www.sedar.com.
About Charlemagne Capital Limited
Charlemagne Capital is a specialist emerging markets equity
investment manager with US$2.2
billion AUM as at October 3,
2016, whose principal activity is the provision of emerging
markets asset management products and services. Its operations are
based in the Isle of Man and
London with a branch office in
Germany. Its operating
subsidiaries are regulated by the IoM FSA, the FCA and the SEC. For
more information, visit http://www.charlemagnecapital.com
Forward-Looking Statements
This document may contain certain forward-looking statements.
These statements relate to future events or future performance, and
reflect management's expectations or beliefs regarding future
events, including business and economic conditions and Fiera
Capital's growth, results of operations, performance and business
prospects and opportunities. Such forward-looking statements
reflect management's current beliefs and are based on information
currently available to management. In some cases, forward-looking
statements can be identified by terminology such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential", "continue", "target", "intend" or the
negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and a
number of factors could cause actual events or results to differ
materially from the results discussed in the forward-looking
statements. In evaluating these statements, readers should
specifically consider various factors that may cause actual results
to differ materially from any forward-looking statement.
These factors include, but are not limited to, market and
general economic conditions, the nature of the financial services
industry, and the risks and uncertainties detailed from time to
time in Fiera Capital's interim and annual consolidated financial
statements, and its Annual Report and Annual Information Form filed
on http://www.sedar.com . These forward-looking statements are made
as of the date of this document, and Fiera Capital assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by applicable law.
Daniel Richard, Vice President,
Corporate Communications and Investors Relations, Fiera Capital
Corporation, +1-514-954-6456, drichard@fieracapital.com