People Moves

Canada's Fiera Capital Acquires $500 Million Equities Team

Editorial Staff 10 March 2021

Canada's Fiera Capital Acquires $500 Million Equities Team

The team members, who are based in London, Hong Kong and Sydney, Australia, had worked for four years at AMP Capital.

Fiera Capital Corporation, a Montreal, Canada-based asset management firm, has added more than $500 million to its global equities team from Australia-listed AMP Capital.

The experienced team comprises four investment professionals: Simon Steele, lead portfolio manager, and Neil Mitchell who will be based in Fiera Capital's London office, with David Naughtin and Andy Gardner based in Hong Kong and Sydney, Australia, respectively. 

Over the past four years, the team has worked at AMP Capital, managing the UCITS platform series as well as the AMP Capital Global Companies Fund in Australia and New Zealand. It brings over $500 million in assets under management to Fiera Capital.

The proposed transfer of the UCITS platform series is subject to regulatory and other approvals, Fiera said in a statement.  

Until the foregoing transfer and arrangements are completed, the Global Companies Fund series will continue to be managed by the same investment team alongside AMP Capital. 

"This seasoned team and their investment strategy are highly complementary to our existing offering," Anik Lanthier, president and chief investment officer, public markets, said. "This addition is directly aligned with our objective of ensuring the continuing competitiveness and range of our investment platform in order to best serve the investment needs of our clients."

The team's investment approach is anchored around a three-pillared wealth creation framework founded on companies' competitive advantage, strong capital allocation, and predictable growth. This approach, which aims to yield a focused portfolio of 25 to 35 best-in-class global companies, is expected to deliver superior risk-adjusted returns over a full market cycle. 

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