Fiera Capital Expands Distribution in the US With New $540 Million 401(k) Mandate

NEW YORK--(BUSINESS WIRE)-- Fiera Capital Corporation (“Fiera Capital” or the “Firm”), announced that its U.S. affiliate will manage a new $540 million international equities mandate through a collective investment trust (“CIT”) implemented by the SEI Trust Company. The mandate was awarded to Fiera Capital’s U.S. registered investment advisory affiliate by a 401(k) plan sponsor with more than $20 billion in assets.

SEI Trust Company is a subsidiary of SEI, a leading supplier of customized operating infrastructure and services to investment organizations worldwide.

“The launch of the CIT is a significant step in Fiera Capital’s overall strategy to expand its presence and distribution in the U.S.,” said Richard Nino, Executive Vice-President, Institutional Markets at Fiera Capital Global Asset Management.

Since entering the U.S. market through its U.S. affiliates, Fiera Capital has been delivering strong organic growth in the United States by winning two dozen institutional mandates totaling more than $2.4 billion in assets.

“This new mandate is an important step because it opens up the defined contribution market for Fiera Capital,” Nino said of the CIT. “The fact that CITs continue to increase in popularity among plan sponsors only underscores the significance of this development for Fiera Capital.”

Nino said SEI’s market leadership and expertise in CITs made it the natural partner to help Fiera Capital’s U.S. affiliate leverage the vehicle’s advantages. “SEI’s execution of the CIT due diligence, launch and initial client on boarding processes has been outstanding every step of the way,” Nino said.

About Fiera Capital Corporation

Fiera Capital Corporation is a leading Canadian publicly traded, independent asset management firm. It is one of only a handful of full service, multi-product investment firms in Canada offering clients Canadian and foreign equity and fixed income management as well as depth and expertise in asset allocation and non-traditional investments. It does not provide asset management services in the U.S. In the U.S., asset management services are provided by its U.S. affiliates. For more information, visit www.fieracapital.com.

About SEI

SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $661 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $399 billion in client assets under administration. For more information, visit seic.com.

About SEI Trust Company

SEI Trust Company (the “Trustee”) serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (“the Trust”) operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and a wholly owned subsidiary of SEI Investments Company (SEI).

The Trusts are trusts for the collective investment of assets or participating tax qualified pension and profit sharing plans and related trusts, and government plans as more fully described in the Declaration of Trust. As bank collective trusts, the Trusts are exempt from registration as an investment company. The Trusts are managed by SEI Trust Company, the trustee, based on the investment advice of a U.S. registered investment advisory affiliate of Fiera Capital. For more information, please see the offering documents for the Trust, available from SEI Trust Company.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150811005898/en/

Press
For the US:
Rubenstein Associates
Steve Murray, 212-843-8293
[email protected]
or
For Canada:
Fiera Capital Corporation
Marie-Claude Frenette, 514-954-3784
[email protected]

Source: Fiera Capital Corporation

You May Also Be Interested In

• SEI Investments (SEIC) PT Raised to $69 at Morgan Stanley
• Stonewall Museum exhibit "Standing on the Shoulders of Heroes" comes to CCNY; LGBTQ+ activist Laverne Cox features on May 7
• Mana Pacific Adds Christine Gayagas and Geoff Brown to Board of Directors