Fiera Capital Management

Management criteria checks 2/4

Fiera Capital's CEO is Jean-Guy Desjardins, appointed in Jan 2023, has a tenure of 1.83 years. total yearly compensation is CA$7.68M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €877.72K. The average tenure of the management team and the board of directors is 2.2 years and 3.5 years respectively.

Key information

Jean-Guy Desjardins

Chief executive officer

CA$7.7m

Total compensation

CEO salary percentage	11.7%
CEO tenure	1.8yrs
CEO ownership	0.1%
Management average tenure	2.2yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jean-Guy Desjardins's remuneration changed compared to Fiera Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$65m
Jun 30 2024	n/a	n/a	CA$63m
Mar 31 2024	n/a	n/a	CA$69m
Dec 31 2023	CA$8m	CA$900k	CA$58m
Sep 30 2023	n/a	n/a	CA$22m
Jun 30 2023	n/a	n/a	CA$19m
Mar 31 2023	n/a	n/a	CA$19m
Dec 31 2022	CA$4m	CA$800k	CA$25m
Sep 30 2022	n/a	n/a	CA$58m
Jun 30 2022	n/a	n/a	CA$52m
Mar 31 2022	n/a	n/a	CA$55m
Dec 31 2021	CA$5m	CA$1m	CA$74m
Sep 30 2021	n/a	n/a	CA$37m
Jun 30 2021	n/a	n/a	CA$39m
Mar 31 2021	n/a	n/a	CA$11m
Dec 31 2020	CA$14m	CA$1m	-CA$3m
Sep 30 2020	n/a	n/a	CA$991k
Jun 30 2020	n/a	n/a	-CA$8m
Mar 31 2020	n/a	n/a	CA$715k
Dec 31 2019	CA$5m	CA$1m	-CA$13m
Sep 30 2019	n/a	n/a	-CA$19m
Jun 30 2019	n/a	n/a	-CA$13m
Mar 31 2019	n/a	n/a	-CA$9m
Dec 31 2018	CA$5m	CA$1m	-CA$5m
Sep 30 2018	n/a	n/a	-CA$3m
Jun 30 2018	n/a	n/a	CA$1m
Mar 31 2018	n/a	n/a	CA$4m
Dec 31 2017	CA$3m	CA$950k	CA$11m

Compensation vs Market: Jean-Guy's total compensation ($USD5.49M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Jean-Guy's compensation has increased by more than 20% in the past year.

CEO

Jean-Guy Desjardins (80 yo)

1.8yrs

Tenure

CA$7,679,100

Compensation

Mr. Jean-Guy Desjardins, C.M., LSc Com, CFA is Chairman of the Board & Global CEO of Fiera Capital Corporation. He was Chief Executive Officer of Fiera Capital Corporation until March 2023. He was Founder,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jean-Guy Desjardins	Chairman of the Board & Global CEO	1.8yrs	CA$7.68m	0.12% € 877.7k
Lucas Pontillo	Executive Director & Global CFO	6.1yrs	CA$2.51m	0.025% € 184.3k
Gabriel Castiglio	Executive Director	1.8yrs	CA$2.54m	0.014% € 104.7k
John Valentini	Executive Director	no data	CA$2.96m	0% € 0
Jean Michel	Executive Director	2.5yrs	CA$2.53m	no data
Maxime Ménard	President & CEO of Fiera Canada and Global Private Wealth	less than a year	no data	no data
Marie-France Guay	Senior VP of Treasury & Investor Relations	no data	no data	no data
Jonathan Moncrieff	Global Chief Compliance Officer	3.5yrs	no data	no data
Donald Conner	Senior VP & Investment Counsellor	no data	no data	no data
Louis Bourassa	Senior VP & Senior Investment Counsellor	no data	no data	no data
David Pennycook	Executive Vice Chairman of Institutional Markets & Executive VP of Global Private Wealth	no data	no data	no data
Paul de la Roche	Senior VP & Senior Investment Counsellor	no data	no data	no data

2.2yrs

Average Tenure

Experienced Management: ZFS's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jean-Guy Desjardins	Chairman of the Board & Global CEO	14.2yrs	CA$7.68m	0.12% € 877.7k
Jean Monty	Independent Director	14.2yrs	CA$120.99k	0.51% € 3.7m
John Braive	Independent Director	1.5yrs	CA$67.22k	no data
Gary Collins	Independent Director	6.4yrs	CA$132.36k	no data
Norman Steinberg	Independent Director	5.5yrs	CA$127.07k	0.014% € 101.3k
Guy Masson	Independent Director	3.5yrs	CA$116.48k	0.0093% € 67.5k
Francois Olivier	Lead Independent Director	2.5yrs	CA$135.36k	0.0011% € 7.7k
Lucie Martel	Independent Director	2.5yrs	CA$122.59k	no data
Annick Charbonneau	Independent Director	1.5yrs	CA$67.22k	no data

3.5yrs

Average Tenure

68yo

Average Age

Experienced Board: ZFS's board of directors are considered experienced (3.5 years average tenure).

Fiera Capital Management

Management criteria checks 2/4

Key information

Recent management updates

Executive Director recently sold €576k worth of stock

Executive Director recently sold €861k worth of stock

Executive Director recently sold €609k worth of stock

Insider recently sold €327k worth of stock

Fiera Capital Corporation, Annual General Meeting, May 23, 2024

Fiera Capital Corp. Appoints Maxime Mnard as President and Chief Executive Officer of Fiera Canada and Global Private Wealth

Recent updates

Third quarter dividend of CA$0.22 announced

New major risk - Revenue and earnings growth

Fiera Capital Corporation Declares Quarterly Dividend Class A Share and Class B Share, Payable on December 19, 2024

Third quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.10 in 3Q 2023)

Fiera Capital Corporation to Report Q3, 2024 Results on Nov 07, 2024

Executive Director recently sold €576k worth of stock

New minor risk - Insider selling

Executive Director recently sold €861k worth of stock

Executive Director recently sold €609k worth of stock

Second quarter dividend of CA$0.21 announced

Fiera Capital Corporation Declares A Quarterly Dividend on Class A Share and Class B Share, Payable on September 19, 2024

Second quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.10 in 2Q 2023)

Fiera Capital Corporation to Report Q2, 2024 Results on Aug 07, 2024

First quarter dividend of CA$0.21 announced

First quarter 2024 earnings released

Fiera Capital Corporation Declares Quarterly Dividend, Payable on June 20, 2024

Fiera Capital Corporation to Report Q1, 2024 Results on May 08, 2024

Insider recently sold €327k worth of stock

Fiera Capital Corporation, Annual General Meeting, May 23, 2024

Upcoming dividend of CA$0.21 per share

Fourth quarter dividend of CA$0.21 announced

Fiera Capital Corporation Declares Quarterly Dividend Class A Share and Class B Share, Payable on April 11, 2024

Full year 2023 earnings released: EPS: CA$0.56 (vs CA$0.25 in FY 2022)

Fiera Capital Corporation to Report Q4, 2023 Results on Feb 28, 2024

Fiera Capital Corp. Appoints Maxime Mnard as President and Chief Executive Officer of Fiera Canada and Global Private Wealth

Third quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.084 in 3Q 2022)

Fiera Capital Corporation Declares Quarterly Dividend, Payable on December 18, 2023

New minor risk - Share price stability

Fiera Capital Corporation Appoints Eric Roberts as Executive Director and Chief Executive Officer, Fiera USA

Investor sentiment deteriorates as stock falls 20%

Fiera Capital Corporation to Report Q3, 2023 Results on Nov 08, 2023

Fiera Capital Corporation Declares Quarterly Dividend on Class A Share and Class B Share, Payable on September 20, 2023

New major risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.10 in 2Q 2022)

Fiera Capital Corporation Appoints Mandy Adamou as Managing Director, Head of Consultant Relations, EMEA & Asia

Fiera Capital Corporation to Report Q2, 2023 Results on Aug 10, 2023

New minor risk - Shareholder dilution

High number of new directors

Fiera Capital Corporation Appoints Annick Charbonneau as Director

Fiera Capital Corporation Appoints Klaus Schuster as Executive Director, Effective May 30, 2023

First quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.034 profit in 1Q 2022)

Fiera Capital Corporation Declares Quarterly Dividend, Payable on June 19, 2023

Full year 2022 earnings released: EPS: CA$0.25 (vs CA$0.71 in FY 2021)

Fiera Capital Corporation to Report Q4, 2022 Results on Feb 24, 2023

Fiera Capital Corporation Announces CEO Changes

Fiera Capital Corporation Appoints Wenzel Hoberg as Global Head of Real Estate

High number of new directors

Third quarter 2022 earnings released: EPS: CA$0.08 (vs CA$0.022 in 3Q 2021)

Fiera Capital Declares A Quarterly Dividend Payable on December 19, 2022

Fiera Capital Corporation to Report Q3, 2022 Results on Nov 09, 2022

Fiera Capital Corporation Intends Termination of imaxx Canadian Bond Fund and of imaxx Equity Growth Fund

Upcoming dividend of CA$0.21 per share

Second quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.13 in 2Q 2021)

Fiera Capital Corporation Declares Quarterly Dividend Payable to Holders of Record on September 20, 2022

Fiera Capital Corporation to Report Q2, 2022 Results on Aug 11, 2022

Executive Chairman recently sold €959k worth of stock

Fiera Capital Corporation announced that it has received CAD 100 million in funding from Fonds de solidarité FTQ

High number of new directors

Fiera Capital Corporation Elects Lucie Martel and François Olivier as Directors

First quarter 2022 earnings released: EPS: CA$0.03 (vs CA$0.21 in 1Q 2021)

Fiera Capital Corporation Declares Quarterly Dividend, Payable on June 13, 2022

Fiera Capital Corporation to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Fiera Capital Corporation Declares Quarterly Dividend, Payable on April 6, 2022

Fiera Capital Corporation to Report Q4, 2021 Results on Feb 25, 2022

Independent Director recently bought €68k worth of stock

Independent Director recently bought €80k worth of stock

Third quarter 2021 earnings released

Director recently sold €196k worth of stock