TORONTO, Nov. 27, 2012 /CNW Telbec/ - Fiera Properties Limited ("Fiera Properties"), an affiliate of Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital"), today announced an important step in the company's development with the appointment of veteran industry executive Peter Cuthbert as Senior Vice President and Partner. Mr. Cuthbert will initially be focused on the establishment of the new Fiera Properties CORE Fund and will serve as the Fund Manager.
Mr. Cuthbert is a highly qualified investment manager with 26 years of real estate industry experience. Prior to his appointment, Mr. Cuthbert was the Head of Canadian Real Estate for the investment management arm of a large multi-national life insurance company. In his previous role Mr. Cuthbert was instrumental in building a successful open-ended real estate fund with more than $1 billion in assets under management. Mr. Cuthbert has also held positions of increasing responsibility at a large investment advisory firm, and one of Canada's largest REITs.
He rounds out an eight-member team of investment professionals with a proven record of strong investment performance led by CEO Stuart Lazier and President Robert Roy.
Mr. Cuthbert said he was attracted to the opportunity because of the innovative approach both Fiera Capital and Fiera Properties bring to the development of investment products. "I was drawn by the opportunity to join a major entrepreneurial investment firm with a proven track record of performance excellence, superior customer service and an innovative investment culture," he said.
Mr. Cuthbert added that there is a shortage of products for investors seeking the benefits of commercial real estate. As a result, investor needs are not being met, he said. "I am looking forward to working with my partners and the broader Fiera Capital family to identify and serve those needs."
"Real estate is an area of investment where highly skilled and disciplined managers have an important impact on return performance," said Mr. Lazier. "Peter has shown himself to be a skilled manager running a very successful investment process that led to a strong track record. He is the right person to take the helm of the CORE Fund."
"We are excited about the addition of Peter to this experienced and highly credible management team as we introduce real estate investment strategies to our clients," said Jean-Guy Desjardins, Chairman, CEO and CIO of Fiera Capital. "Fiera Properties now has the team that will enable us to take a leading position in the real estate investment management business."
About Fiera Properties Limited
Fiera Properties is a Canadian real estate investment management company that provides opportunities to invest in real property to institutions, foundations and endowments, and high net worth investors. As part of the Fiera Capital family of alternative asset offerings, Fiera Properties is an entrepreneurial organization focused on offering innovative solutions to our clients' investment challenges. Fiera Properties is committed to being the most trusted real estate investment management firm in Canada as recognized by our stakeholders. Building Trust is what we do.
About Fiera Capital Corporation
Fiera Capital Corporation (TSX: FSZ) is a leading publicly traded, independent investment firm with approximately $55 billion in assets under management. The firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. For more information, visit www.fieracapital.com.
Additional information relating to Fiera Capital, including Fiera Capital's annual information form, is on SEDAR at www.sedar.com.
SOURCE: FIERA CAPITAL CORPORATION