LONDON, October 16, 2018 /PRNewswire/ --
Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Firm"), a leading independent investment management firm, has announced today the appointment of Kanesh Lakhani as Chief Executive Officer, European Division, effective October 16, 2018.
Based in London, Mr. Lakhani will be responsible for the development and implementation of the Firm's overall strategy, new initiatives, hiring, and the firm's sales and business development activities in Europe. Mr. Lakhani succeeds Jayne Sutcliffe, President and Chief Executive Officer, European Division of Fiera Capital, and previously of Charlemagne Capital, who oversaw the successful acquisition by Fiera Capital at the end of 2016.
Prior to joining Fiera Capital, Mr. Lakhani was Managing Director, EMEA and Asia Distribution at First State Investments for over seven years. He was responsible for defining the global strategy, developing new product ideas and setting sales priorities in conjunction with the Operating Group, as well as leading the EMEA and Asia (including Japan) institutional and wholesale business. Before joining First State Investments, Mr. Lakhani spent almost 14 years at State Street Global Advisors, latterly as a Senior Managing Director and Head of the UK and Middle East Business. Prior to this, he held senior roles at Barclays Global Investors and Russell.
Kanesh Lakhani, President and Chief Executive Officer, European Division, said: "I am delighted to join a firm that has ambitious plans to grow its presence and offering in Europe. Fiera Capital has a range of outstanding investment strategies and is constantly looking to improve upon and add to those. With a fast changing investment landscape, I look forward to working with Fiera Capital's exceptional investment teams to deepen its reach, reputation and brand over the coming years."
Vincent Duhamel, Global President and Chief Operating Officer of Fiera Capital, commented: "Kanesh's global financial experience as a senior executive at major investment firms makes him a perfect candidate to take over as the European CEO of Fiera Capital. He brings a wealth of experience and approach that complements our management team in Europe and we are delighted to welcome him. I would also like to thank Jayne Sutcliffe for all her hard work and commitment to the company over these years. Jayne was instrumental in effecting the orderly acquisition of Charlemagne Capital by Fiera Capital and we wish her all the best for the future."
The appointment is subject to relevant regulatory approval.
This document may contain certain forward-looking statements. These statements relate to future events or future performance. 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 and a number of factors could cause actual events or results to differ materially. 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 http://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. Through its affiliates, the Firm can provide 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.
In the U.S., asset management services are provided by the Firm's U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc., investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Further, Fiera Capital (UK) Limited and Fiera Capital (IOM) Limited are both registered as investment advisers with the SEC. Fiera Capital (UK) Limited is authorized and regulated by the Financial Conduct Authority in the United Kingdom and Fiera Capital (IOM) Limited is licensed by the Isle of Man Financial Services Authority. Registration with the SEC does not imply a certain level of skill or training. Additional information about Fiera Capital Corporation is available at http://www.fieracapital.com and on SEDAR at http://www.sedar.com.
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