Fiera Capital Aquires Charlemagne Capital
MONTREAL and LONDON, December 14, 2016
Fiera Capital Corporation announced today that, all the conditions of the offer having been satisfied, it has completed the acquisition of Charlemagne Capital Limited, 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.
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.