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Fiera Capital to Acquire Foresters Asset Management Inc.
Fiera Capital to Acquire Foresters Asset Management Inc. Canada NewsWire MONTREA...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital to Acquire Foresters Asset Management Inc.\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.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, May 15, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nFiera Capital to grow its Liability-Driven Investment suite of strategies and play a leading role in the Canadian insurance-focused segment\n MONTREAL, May 15, 2019 /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\") (TSX: FSZ) announced today that it has reached an agreement with Foresters Life Insurance Company (\"Foresters Financial\") whereby Fiera Capital will acquire all of the outstanding shares of Foresters Asset Management Inc. (\"Foresters Asset Management\"), a wholly owned subsidiary of Foresters Financial. Foresters Asset Management is an Ontario-based investment management firm focused on institutional and insurance liability-driven investment (\"LDI\") with approximately $10.5 billion in assets under management (\"AUM\") as of April 30, 2019. Following closing of the transaction, Fiera Capital's total liability-driven investment (\"LDI\") AUM will exceed $25 billion.\n\"The combination of Foresters Asset Management with Fiera Capital will enhance our leading Canadian institutional fixed income and LDI capabilities. This transaction will provide Fiera Capital with an opportunity to broaden its relationships with Foresters Financial and its clients, in addition to being a financially attractive endeavour,\" said Jean-Philippe Lemay, President and Chief Operating Officer of Fiera Capital's Canadian Division. \"We are excited to partner with Foresters Asset Management's clients to provide...