Fiera Capital Begins Execution of New Strategic Plan to Enhance Global Client Service Capabilities and Drive Profitable Growth

MONTREAL and TORONTO, Oct. 2, 2018 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Firm"), a leading independent asset management firm with more than C$139 billion under management, today provided an update on the advancement of the Firm's 2022 Strategic Plan (the "2022 Plan"). The objective of the 2022 Plan, which was developed internally over the past 12-months and approved by the Firm's Board of Directors in August, is to establish Fiera Capital as a top-tier, global, multi-strategy asset manager with top-quartile embedded strategies, recognized for its talented people and for providing the best solutions to its clients globally. The Firm began the execution of the 2022 Plan in September.  

Jean-Guy Desjardins, Chairman and Chief Executive Officer, Fiera Capital, said "I am very proud to report that we are moving forward with a comprehensive plan – developed within Fiera Capital leveraging our best and brightest minds – that is designed to achieve our goal of becoming one of the top 100 asset managers in the world."

"Fiera Capital is at the forefront of investment management science, and we are passionate about creating sustainable wealth for our clients and value for our shareholders. The 2022 Plan will support the continued momentum of our global growth, specifically address and fill key gaps in our products and strategies, and better enable global distribution, ensuring Fiera Capital can provide any strategy, to any client, anywhere," continued Mr. Desjardins.

The 2022 Plan is based on four pillars, all of which support continued profitable growth and the advancement of the Firm's global client service capabilities: people, process, performance, and partners.  

People

Fiera Capital recognizes that its people will continue to be the primary engine of its growth. To this end, the Firm is committed to improving its employee engagement as it continues to grow. It aims to improve its employee engagement score to 80 per cent or greater by investing in its people and leveraging the power of effective teamwork.

"At Fiera Capital, our growth plan is rooted in the core values of integrity, ambition, collaboration, innovation and excellence. These values are at the core of everything we do and will help ensure we preserve our most important resource: our people," added Mr. Desjardins.

Process

As part of the 2022 Plan, Fiera Capital is committed to leveraging the Firm's global skills and the scalability of its client service and operations to achieve effectiveness and deliver for its clients at levels that meet and often exceed that of its peers. To drive improvement in process, the Firm will focus on:

  • Process standardization, automation and digitization,
  • Implementation of global, scalable and flexible technology architecture,
  • Improvements in acquisition integration, and
  • Continued innovation in collaboration and operations.

Performance

Currently ranked 147th among global asset managers, Fiera Capital will drive growth by adapting and broadening its offering and its distribution capabilities to reach global clients and international markets. As part of the 2022 Plan, the Firm's performance priorities include:

  • Achieving increased synergies and cost efficiency across divisions,
  • Advancing global product lifecycle development and optimization,
  • Driving growth in alternative investments, and,
  • Continue to secure targeted, disciplined acquisitions and strategic partnerships.

The Firm will measure its performance by achieving improved profitability at scale and by meeting its primary objective of becoming a global, top-tier, multi-strategy asset manager with top-quartile embedded strategies.

Partners

Fiera Capital aims to be the investment firm of choice for existing and potential clients and partners. As part of the 2022 Plan, it will be working closely with its teams around the world to implement a global brand strategy and best practices across teams, including refining the Firm's digital client experience.

Specifically, Fiera Capital will focus on the following priorities to ensure it meets expectations of the Firm's clients and partners:

  • Adapting to the demand of multi-asset solutions and alternatives investments,
  • Improving client experience, and
  • Leveraging institutional strengths across channels.

The Firm has established specific retention rate targets to measure its effectiveness within this important pillar.

Fiera Capital provided an overview of the 2022 Plan to analysts and investors today in Toronto, ON.

Forward-Looking Statements

This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim condensed and annual consolidated financial statements, and its latest Annual Report and Annual Information Form filed on SEDAR at www.sedar.com. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with approximately C$139.4 billion in assets under management as of June 30, 2018. 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. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

In the U.S., asset management services are provided by the Firm's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.

Additional information about Fiera Capital Corporation is available on SEDAR at www.sedar.com.

 

SOURCE Fiera Capital Corporation