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Money Management

Jarislowsky Fraser names president, CEO

Maxime Menard

Maxime Menard was named president and CEO of Jarislowsky Fraser, the Montreal-based money manager announced Monday.

Mr. Menard is replacing G. Pierre Lapointe as president, a company spokeswoman said. Mr. Lapointe was named vice chairman of Jarislowsky Fraser on Monday and will retain his duties as head of private wealth management.

The CEO position has been vacant since company founder Stephen Jarislowsky stepped down as president and CEO in November 2012. Those duties had been handled by the firm's executive committee, which was chaired by Mr. Lapointe. Mr. Jarislowsky remains chairman emeritus.

Mr. Menard was executive vice president. That position will not be filled, the spokeswoman said.

Jarislowsky Fraser, which has C$40 billion ($30.2 billion), was acquired May 1 by the Bank of Nova Scotia. The firm manages equity and fixed-income strategies for pension funds, foundations, and high-net-worth and retail investors.