Jean-Guy Desjardins, global CEO and founder of Fire Capital looks out the window at the Fiera Capital offices in Montreal, on Jan. 8.is losing one of its largest shareholders, though the loss of Desjardins could be a gain for Fiera founder Jean-Guy Desjardins.
“Management is actively structuring an offer and looking to get it done within the next couple of weeks,” Fiera spokesperson Yasmine Sardouk said in an interview. “This is very exciting for the management team.” “Fiera and Desjardins remain very strong partners and there is no change to our commercial relationship,” she said.Desjardins spokesperson Chantal Corbeil said in an e-mail that Fiera “remains an important business partner for Desjardins .”
Despite holding barely one-fifth of the company, the limited partnership has the right to elect six directors to the nine-member Fiera Capital board. That effectively allows the LP to exercise control over Fiera.as chief executive officer of its Canadian operations, which account for roughly 65 per cent of the company’s business.