Website: fieracapital.com
Head office address (Canada): 1981 McGill College Avenue, Suite 1500, Montreal, Quebec H3A 0H5
Year established: 2003
Ownership structure: publicly traded, Canadian (TSX: FSZ); Class A subordinate voting shares listed on the Toronto Stock Exchange; incorporated under the laws of the Province of Ontario
Target market/client profile: institutional investors, financial intermediaries, and private wealth clients in Canada, the US, Europe, the Middle East, and key markets in Asia seeking public and private market investment solutions
Number of professional staff: over 780 employees worldwide
Canadian office locations: Montreal (head office), Toronto, Calgary
Fiera Capital Corporation is a publicly traded, independent asset manager headquartered in Montreal. The firm manages capital across public and private markets for institutional investors, financial intermediaries, and private wealth clients worldwide. Its AUM totalled $164.1 billion as at December 31, 2025.
Fiera Capital was founded by Jean-Guy Desjardins in September 2003 through the acquisition of Elantis Investment Management, a subsidiary of Desjardins Group. The corporation launched from Montreal with about $5 billion in AUM and 50 employees.
The firm added its first alternative investment strategy in 2005. In 2006, Fiera Capital acquired YMG Capital and more than doubled AUM to over $26 billion.
Two years later, the corporation formed the Fiera Axium Infrastructure joint venture to give institutional clients access to core infrastructure assets. The firm says it also signed the UN PRI in 2009 as an early adopter among Canadian asset managers.
Fiera listed on the TSX in September 2010 under ticker FSZ. In 2012, the company acquired Natcan Investment Management from National Bank and pushed AUM to $54 billion. Shareholders approved a name change that same year, from Fiera Sceptre to Fiera Capital Corporation.
The corporation launched three private markets businesses in 2016. Fiera Comox Partners added agriculture and private equity strategies for institutional clients.
Fiera Infrastructure formed as a joint venture covering utilities, power generation, and transportation assets across NA and EU. Fiera Private Debt also launched that year through the acquisition of non-bank lender Centria Commerce.
In 2019, Fiera Capital Corporation acquired Foresters Asset Management, an Ontario-based liability-driven investment firm with approximately $10.5 billion in AUM. That deal expanded Fiera Capital's presence in the defined benefit pension market.
The corporation marked its 20th anniversary in 2023 and introduced a regionalized distribution model with dedicated CEOs for Canada, the US, EMEA, and Asia. In June 2024, Fiera Capital Corporation management acquired Desjardins stake in a roughly $53 million transaction.
That deal covered 6.8 percent of total outstanding shares and formally ended the founding partnership with Desjardins Group. Two months later, Fiera Capital secured two $300 million mandates from CDPQ as part of the pension fund's goal to reach $8 billion in Quebec-managed investments by 2028.
Fiera Capital delivers investment solutions across public markets, private markets, and multi-asset strategies to institutional, intermediary, and private wealth clients:
Fiera Capital Corporation operates as a pure-play asset manager and does not underwrite insurance or administer group benefit plans. The corporation also produces the CIA Method Accounting Discount Rate Curve with the Canadian Institute of Actuaries.
Plan sponsors use this tool to set accounting discount rates for pension and post-employment benefit liabilities.
Maxime Ménard serves as the CEO and global president of Fiera Capital Corporation. He spent nearly two decades at Jarislowsky Fraser, including five years as president and CEO before joining Fiera Capital in January 2024. Ménard holds a BBA from York University and an MBA from HEC Montréal.
Other members of Ménard's executive team include:
François Olivier serves as lead director of the board of directors. Other board members in Fiera Capital Corporation are:
The board oversees strategy, risk management, and governance across all of Fiera Capital Corporation's global operations. The corporation files its governance disclosures and financial statements under the laws of the Province of Ontario and reports on the TSX as required.
Fiera Capital Corporation serves institutional investors, financial intermediaries, and private wealth clients across Canada and internationally. On the institutional side, the firm works with pension funds, insurance companies, foundations, and endowments.
Financial intermediaries include advisors, dealers, and fund platforms that distribute Fiera Capital's strategies to their own clients. The private wealth arm serves high-net-worth individuals and families through tailored portfolios.
Fiera Capital Corporation also runs dedicated Canadian teams for both institutional and private wealth clients across its Montreal, Toronto, and Calgary offices.
In October 2024, the firm co-hosted a BPM webinar on private real estate credit for institutional investors and plan sponsors across Canada. That kind of engagement shows how the corporation connects its investment platform directly to the Canadian plan sponsor community.
Fiera Capital Corporation has received several industry awards and holds memberships with several responsible investment organizations:
The firm launched the Fiera Capital Awards for DEI in Health Care Research in 2022. The awards support MSc and PhD students from Black, Indigenous, and other racialized communities. It committed $120,000 over three years, and the 2025 cycle honoured eight recipients.
Fiera Capital Corporation holds memberships and signatory status with:
In January 2026, Fiera Capital founder Jean-Guy Desjardins contributed to a BPM exclusive feature on what 2025 signals for investors. His analysis covered the geopolitical reset of 2025 and its implications for Canadian institutional portfolios.
Fiera Capital secures two $300m mandates from CDPQ, advancing their 2028 Quebec investments goal
Fiera Capital's senior management solidifies ownership by acquiring Desjardins' shares, aligning with strategic goals
