Natixis: strategic partnership with Fiera Capital
(CercleFinance.com) - Natixis Investment Managers announces the conclusion of a long-term strategic partnership with Fiera Capital, the first independent dFR0000120685 istribution platform in Canada, which will give its clients access to Natixis IM's global asset strategies.
Under this partnership, Natixis IM will acquire an 11% stake in Fiera Capital for 128.16 million Canadian dollars (about 85 million euros), and Jean Raby, Natixis IM's CEO, will join Fiera Capital's board of directors.
This agreement designates Fiera Capital as Natixis IM's preferred distributor in Canada. Fiera Capital will repurchase 2.45 million Fiera Class A Shares from the National Bank of Canada before cancellation for 29.40 million Canadian dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Under this partnership, Natixis IM will acquire an 11% stake in Fiera Capital for 128.16 million Canadian dollars (about 85 million euros), and Jean Raby, Natixis IM's CEO, will join Fiera Capital's board of directors.
This agreement designates Fiera Capital as Natixis IM's preferred distributor in Canada. Fiera Capital will repurchase 2.45 million Fiera Class A Shares from the National Bank of Canada before cancellation for 29.40 million Canadian dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.