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MONTREAL, Jan. 31, 2022 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm, today reported its preliminary estimate of assets under management ("AUM") of approximately C$188.3 billion as at December 31, 2021, compared to C$180.8 billion as at September 30, 2021.
"Total assets under management increased by C$6.4 billion, or 3.5%, in 2021, despite the divestiture of select, non-core operations," said Jean-Philippe Lemay, Global President and Chief Executive Officer. "Adjusting for those divestitures, the year-over-year increase would have been 10.2% for our core operations. We are particularly pleased with the growth of our Private Markets business, which increased by 18.7% over the course of the year and now includes close to C$16 billion dollars of AUM. We continue to see strong demand from our clients for the various asset classes making up this diversified, competitive investment platform, and expect to maintain this strong momentum going forward."