MONEY MANAGEMENT

Fiera Capital global president/COO resigns

Sylvain Brosseau has resigned as global president and chief operating officer of Fiera Capital.

Jean-Guy Desjardins, Fiera Capital founder and CEO, will handle Mr. Brosseau's duties on an interim basis, effective immediately, according to a Fiera news release.

Mr. Brosseau will remain with the firm until June 30 to assist in the transition and will remain a member of the Fiera board after leaving the firm.

Mr. Brosseau said in the news release that he wants to pursue other professional opportunities.

Officials at Fiera would not provide further information beyond the news release.

Fiera managed C$116 billion ($86 billion) in assets as of Dec. 31.