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Desjardins praised Ménard’s management expertise, monitor file, and emotional intelligence. Ménard had beforehand served as CEO at Jarislowsky Fraser, the place he organized the transition of a founder-led group into a brand new technology of management. Desjardins says he chosen Ménard each as a result of he thought he may lead the Canadian division of Fiera nicely, and since he might function a possible successor to Desjardins as international CEO. On condition that Desjardins had beforehand stepped down from his position earlier than being requested to return by the board, he’s putting further emphasis on succession planning. Ménard, he says, can supply buyers a bit extra readability as to the place Fiera’s international management could go.
For his half Ménard stated he was excited to embrace the problem of labor at Fiera after undertaking all he might at Jarislowsky Fraser. He was additionally wanting ahead to working extra straight with purchasers and pushing Fiera’s advisor outreach work ahead.
“I began at Constancy Investments, so I do know the advisory enterprise fairly nicely. I believe after we mix the personal asset alternative and the power to develop nicely suited merchandise for advisors, that might supply them and their purchasers an amazing alternative,” Ménard says. “I do know as a result of I’ve been at different locations that attempted to develop such an providing, and as I’m studying the depth and the sophistication of those merchandise I’m very enthusiastic concerning the alternative to develop. Within the Canadian market I believe we have now below-benchmark market share throughout the advisor group.”
Ménard defined what he sees as the important thing areas of alternative for advisors now. Specifically the higher-yielding revenue they will get for his or her purchasers by way of personal property like credit score, infrastructure or actual property. Fiera has already been in a position to develop extra liquid merchandise that supply these exposures, obtainable by way of an institutional platform that permits advisors to entry these institutional-style investments. Desjardins added that a lot of their retail advisory distribution comes by way of a partnership with Canoe Monetary which gives retail advisors the liquidity and valuation they want in this type of funding.
Underneath Ménard’s management, and the brand new divisional construction at Fiera Capital, Desjardins believes that advisors and Canadian buyers might be higher served by the corporate.
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