Jean-Guy Desjardins to Become Executive Chairman of the Board of Fiera Capital and Jean-Philippe Lemay Appointed Global President and Chief Executive Officer

Fiera Capital (“Fiera Capital” or the “Company”) (TSX: FSZ), a leading independent asset management firm, today announced that as part of its CEO succession plan, Mr. Jean-Guy Desjardins, founder of Fiera Capital, will become Executive Chairman of Fiera Capital’s Board of Directors and Jean-Philippe Lemay Global President and Chief Executive Officer (“CEO”) of Fiera Capital, effective January 1, 2022. Jean-Guy Desjardins will remain active in key strategic and investment decisions within the organization, including an ongoing commitment to serving the firm’s clients.

“I have had the privilege of realizing the dream of building a global top-tier asset management firm with a strong team of leaders and portfolio managers who contribute every day to our success and our continued sustainable growth. We have a clear strategy and vision for the future, and there has never been a better time to proceed with the next phase of our leadership transition,” said Jean-Guy Desjardins.

“Since joining Fiera Capital, Jean-Philippe has built a solid reputation as a respected leader and an impressive track record, notably in successfully implementing Fiera Capital’s global vision over the past few years. His deep knowledge of the investment industry and of our firm, both from a distribution and operational standpoint, confirms my choice and makes him uniquely qualified to take on the role of Global President and CEO. He embodies our core values and I have full confidence in his ability to lead our growth in the years to come, together with the talented leadership team in place,” added Mr. Desjardins.

“I want to sincerely thank Jean-Guy and the Board for their trust and confidence in me,” said Jean-Philippe Lemay. “I have had the privilege of working closely with Jean-Guy over the last decade and to benefit from his vast experience and invaluable insights. I look forward to continuing to work with him, the leadership team and our employees worldwide on the exciting opportunities ahead for Fiera Capital,” he added.

“The Board is very pleased to be able to continue to benefit from Jean-Guy’s leadership and has full confidence in Jean-Philippe, a widely respected leader with a proven capacity to deliver ambitious results,” said David R. Shaw, Lead Director of Fiera Capital’s Board of Directors.

Jean-Philippe Lemay has over 20 years of leadership and investment experience. He joined Fiera Capital in 2012 where he has since held various executive roles of increasing responsibility, including that of Global President and Chief Operating Officer since March 2020, during which time he successfully led Public Markets and Global Distribution activities, while managing the operational side of the firm. He was previously responsible for Fiera Capital’s Canadian division since 2017. He is a Fellow of the Society of Actuaries (FSA), a Fellow of the Canadian Institute of Actuaries (FCIA) and is a CAIA (Chartered Alternative Investments Analyst) charter holder.