MONTREAL, Dec. 15, 2011 /CNW Telbec/ - Fiera Sceptre Inc. (TSX: FSZ) ("Fiera Sceptre" or "the Firm"), a leading independent Canadian investment firm, announced today the creation of a joint venture between Fiera Sceptre and Axia Investments Inc. The joint venture will offer unique national real estate fund vehicles and segregated account management services to investors. The name of the newly formed company is Fiera Properties Limited.
"This new business venture ties in perfectly with our investment philosophy based on optimal performance and intelligent innovation," said Mr. Jean-Guy Desjardins, Chairman of the Board and Chief Executive Officer at Fiera Sceptre. "Our new real estate investment services platform will reinforce our highly successful integrated investment solutions, which are diversified by asset class, strategy and risk management. This partnership fits perfectly with our firm's growth strategy, which is tailored to provide broader and superior investment management services to a larger client base."
The new company will be headed by Mr. Stuart Lazier, who has been appointed President and Chief Executive Officer. Mr. Lazier, principal shareholder of Axia Investments since 2000, comes on board with strong credentials as previous partner and co-founder of KingSett Capital Inc. Ms. Catherine Ann Marshall, who has close to twenty years of experience in the real estate industry, has also joined the company as Vice President.
About Fiera Sceptre
Fiera Sceptre is a leading publicly traded, independent investment firm. 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. www.fierasceptre.ca
Additional information relating to the Company, including the Company's annual information form, is on SEDAR at www.sedar.com.