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Fiera Capital announces renewal of assets under management agreement with National Bank of Canada
Fiera Capital announces renewal of assets under management agreement with National Bank of...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital announces renewal of assets under management agreement with National Bank of Canada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Aug. 31, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nMONTREAL, Aug. 31, 2018 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\" or the \"Firm\"), a leading independent asset management firm, today announced that it has agreed on the terms and conditions of a renewal until June 30, 2022 of the assets under management agreement with National Bank of Canada and Natcan Investment Management Inc., a wholly-owned subsidiary of National Bank of Canada, dated April 2, 2012 (the \"AUM Agreement\"). \n\nUnder the terms of the renewed AUM Agreement, National Bank of Canada will be required to maintain certain thresholds of a specified minimum assets under management ratio (\"AUM Ratio\") in respect of each year of the renewal term, failing which it will be required to pay certain amounts to Fiera Capital. \n\n\"Fiera Capital is pleased to entertain a long-standing relationship with National Bank of Canada. Over the years, Fiera Capital has exceeded its performance conditions under the AUM Agreement,\" said Vincent Duhamel, Global President and Chief Operating Officer of Fiera Capital. \"We are proud to manage a large number of strategies on National Bank of Canada's behalf and to continue to work with them on a number of potential new opportunities.\" \n\nThe AUM Ratio is calculated by reference to: (i) the aggregate market value of the assets under management (\"AUM\") managed by Fiera Capital under investment management agreements with National Bank of Canada and its subsidiaries, together with the aggregate AUM held by clients of National Bank of Canada and its subsidiaries in investment products managed by Fiera Capital; and (ii) the aggregate market value of certain specified categories of investment assets under the control or direction of National Bank of Canada and ...