Fiera Capital Continues Strategic Expansion With New Office in Abu Dhabi in the United Arab Emirates
MONTREAL, Feb. 29, 2024 /CNW/ - Fiera Capital ("Fiera Capital" or the "Company"), a leading independent asset management firm, has announced the opening of its first office in United Arab Emirates further to the implementation of its new regionalized distribution model. This new office represents the first step in the Company's growth plans across the Gulf Cooperation Council region, which includes six countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (the "GCC Region").
Based in Abu Dhabi in the heart of Abu Dhabi Global Market (ADGM), the Company's office in the Middle East adds to a growing global footprint spanning four continents. The newly established office will be co-led by Paul Doyle and Xavier Zawisza, who will be responsible for growing Fiera Capital's established investor base. The pair were selected for their extensive Middle East fundraising expertise and history advising large institutional investors on asset manager search and selection.
Fiera Capital is an investor in the Gulf region, both in its active positioning across its Emerging Markets and Frontier Markets strategies, in addition to the Company's dedicated Middle East and North Africa ("MENA") mandate. The Company's Abu Dhabi office is its self-described "foundation" in MENA, with the expectation being to grow its presence and team in the region over time.
"This inaugural establishment in the Middle East serves as a cornerstone of our strategic entry into the region, reflecting our commitment to cultivating a robust and enduring presence, and marking another significant advancement in our regionalization strategy," said Jean-Guy Desjardins, Chairman of the Board and Global Chief Executive Officer. "By leveraging our existing and well-established clientele base in the region, we are strategically positioned to fortify our market foothold within the GCC Region. As we inaugurate operations in Abu Dhabi, we remain steadfast in our pursuit of consolidating our standing and extending our influence across the broader Middle Eastern landscape."
"Leveraging the strong relationships we've forged with sovereign wealth funds, family offices, pension funds and major listed corporates in the region, we're taking the next logical step in our expansion," said Klaus Schuster, Executive Director and CEO, Fiera Capital EMEA, emphasizing Fiera Capital's enduring ties with institutional investors across the GCC. "Investors at all tiers have a growing preference for multi-asset portfolio solutions across public and private market strategies which can be tailored to meet specific asset allocation criteria. Our offering in the Middle East will replicate the bedrock on which Fiera Capital's success has been built; a philosophy of investing in quality over long-term horizons in the absolute pursuit of steady and financially sustainable alpha."
"Being mature investors in the Middle East is a distinct competitive advantage," continued Schuster. "We've proven that we can drive value creation in high-growth geographies as well as on home ground. Investors with capital to deploy at scale are looking for points of difference, especially in a period of global market volatility."
Priority asset classes for Fiera Capital's Middle East initiatives include global and MENA-specific equities, as well as real assets including real estate, infrastructure, natural capital and indirect exposure through private credit instruments. Fiera Capital's OAKS EM Select strategy, which invests in a diversified portfolio of smaller emerging markets securities seeking absolute returns and marked its three-year track record in January 2024, is a standout having outperformed 99% of its peers since its inception according to Bloomberg data.
Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.
Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR).
Each affiliated entity (each an "Affiliate") of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to an exemption from registration and/or the relevant product is registered.
Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital's affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult https://www.fieracapital.com/en/registrations-and-exemptions.
Additional information about Fiera Capital, including the Company's annual information form, is available on SEDAR+ at www.sedarplus.ca.
The information presented is for informational purposes only and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any investment product. The information presented in this document, in whole or in part, is not investment, tax, legal or other advice, nor does it consider the investment objectives or financial circumstances of any investor.
This document may contain "forward-looking statements" which reflect the current expectations of Fiera Capital and/or its Affiliates. These statements reflect current beliefs, expectations, and assumptions with respect to future events and are based on information currently available. Although based upon what Fiera Capital and its affiliates believe to be reasonable assumptions, there is no guarantee that actual results, performance, or achievements will be consistent with these forward-looking statements. There is no obligation for Fiera Capital and/or its Affiliates to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Fiera Capital Corporation
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