MONTREAL and NEW
YORK, March 13, 2023 /PRNewswire/ - Fiera
Capital Corporation ("Fiera Capital" or the "Company") (TSX:
FSZ), a leading independent asset management firm today announced
it has entered into a new strategic distribution partnership with
New York Life Investments through its affiliates Fiera Capital Inc.
("FCI"), Fiera Comox Partners Inc. ("Fiera Comox") and Fiera
Capital (UK) Ltd. ("Fiera UK").
This partnership establishes New York Life Investments, a
well-recognized and respected global investment manager, as a
distribution partner for Fiera Capital. The agreement contains
certain exclusivity rights in the United
States retail intermediary channel for various investment
strategies managed by FCI, Fiera Comox and the Fiera UK Atlas
Global Companies team. It will also expand the distribution of
FCI's Tax Efficient Fixed Income separately managed account ("SMA")
strategies, as well as its US Growth Equity team's flagship
Small-Mid Cap Growth and Small Cap Growth SMA strategies.
"As we continue to fortify our global distribution capabilities
across public and private markets, I am excited to announce this
new distribution partnership with New York Life Investments," said
Jean-Guy Desjardins, Chairman of the
Board and Chief Executive Officer, Fiera Capital. "New York Life
Investments' unwavering dedication to providing their clients with
meaningful investment outcomes and competitive performance through
their multi-boutique model, is on par with our own passion for
creating sustainable prosperity for our clients through the
efficient allocation of capital."
"We are thrilled to partner with Fiera Capital to significantly
expand our SMA offerings for our clients. Fiera Capital is an
attractive partner given their diversified investment platform
across asset classes, depth of expertise, and commitment to
delivering outstanding service, which underscore New York Life
Investments' core values," said Jac
McLean, Head of US Distribution for New York Life Investment
Management. "We look forward to expanding this distribution
partnership in the coming months and years."
About Fiera Capital
Corporation
Fiera Capital is a leading independent asset management firm
with a growing global presence and approximately C$158.5 billion in assets under management as of
December 31, 2022. Fiera Capital
delivers customized and multi-asset solutions across public and
private market asset classes to institutional, financial
intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise,
diversified investment platform and commitment to delivering
outstanding service are core to our mission of being at the
forefront of the investment management science to foster
sustainable prosperity for all our stakeholders. Fiera Capital
trades under the ticker FSZ on the Toronto Stock
Exchange. www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (US), London (UK), and Hong Kong (SAR).
Fiera Capital does not provide investment advice to US clients
or offer investment advisory services in the US. In the US,
asset management services are provided by Fiera Capital's
affiliates who are investment advisers that are registered with the
US Securities and Exchange Commission (the "SEC") or exempt from
registration. Registration with the SEC does not imply a certain
level of skill or training. For details on the particular
registration of, or exemptions therefrom relied upon by, any Fiera
Capital entity, please consult this webpage.
Additional information about Fiera Capital, including Fiera
Capital's annual information form, is available on SEDAR at
www.sedar.com.
About New York Life
Investments
With over $660 billion in Assets
Under Management* as of December 31,
2022, New York Life Investments is comprised of the
affiliated global asset management businesses of its parent
company, New York Life Insurance Company, and offers clients access
to specialized, independent investment teams through its family of
affiliated boutiques. New York Life Investments remains committed
to clients through a combination of the diverse perspectives of its
boutiques and a long-lasting focus on sustainable
relationships.
*AUM includes assets of Investment Advisors affiliated with New
York Life Insurance Company as of December
31, 2022. AUM for Candriam and Ausbil is reported at the
spot rate.
"New York Life Investments" is both a service mark, and the
common trade name, of certain investment advisors affiliated with
New York Life Insurance Company.
Disclosure
The information presented is for informational purposes only and
is not intended to be, and should not be construed as, an offer to
sell, or the solicitation of an offer to buy, any investment
product. The information presented in this document, in whole or in
part, is not investment, tax, legal or other advice, nor does it
consider the investment objectives or financial circumstances of
any investor.
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SOURCE Fiera Capital Corporation