Maxime Menard will become global president and CEO at asset management firm Fiera Capital, taking the helm at the C$167.1 billion ($120.5 billion) manager in July.
Menard will succeed Jean-Guy Desjardins, founder and executive chair of the board, who will continue to provide strategic oversight. He remains as chair, a spokeswoman confirmed. Desjardins founded the firm in 2003.
“This decision reflects a clear conviction: Maxime is the right leader to take Fiera Capital forward,” Desjardins said in a news release. “He brings the discipline, integrity and strategic focus required to execute our vision and strengthen the firm for the long term.”
Menard joined Fiera Capital in January 2024 as president and CEO for Fiera Canada and global private wealth. Replacement details could not immediately be learned.
The asset manager has recently undergone restructuring. Bloomberg last month reported that CIO of the public markets unit Jean Michel was leaving along with a small number of colleagues, resulting in the group's portfolio managers falling under Desjardins and Menard in his role as Canada head.
Fiera Capital is listed on the Toronto Stock Exchange. Its headquarters are in Montreal, and it has offices across the globe including in Abu Dhabi, Hong Kong, London and New York.
