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BRIEF-Fiera Capital Announces Change To Its Global Management Structure

Published 2020-06-17, 05:36 p/m
FSZ
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June 17 (Reuters) - Fiera Capital Corp FSZ.TO :

* FIERA CAPITAL ANNOUNCES CHANGE TO ITS GLOBAL MANAGEMENT STRUCTURE

* FIERA CAPITAL CORP - WILL NOW ORGANIZE ITS BUSINESS ACTIVITIES ACROSS 3 OPERATING GROUPS: PUBLIC MARKETS, PRIVATE MARKETS & PRIVATE WEALTH

* FIERA CAPITAL - ANNOUNCED CHANGE TO GLOBAL MANAGEMENT STRUCTURE, EFFECTIVE JULY 1, 2020

* FIERA CAPITAL - EXPECTS TO GENERATE COST SYNERGIES BY REDUCING REDUNDANCIES & INCREASING OPERATING EFFICIENCY FROM RE-ALIGNMENT

* FIERA CAPITAL - SAVINGS GENERATED IN 2020 TO BE REDEPLOYED DURING CURRENT FISCAL YEAR TO CERTAIN KEY FUNCTIONS

* FIERA CAPITAL - EXPECTED COST SAVINGS SHOULD BE REALIZED IN 2021 & BEYOND, MOST NOTABLY WITHIN PUBLIC MARKETS OPERATING GROUP

* FIERA CAPITAL - EXPECTS FOREGOING ACTIONS TO TRANSLATE INTO POSITIVE CONTRIBUTION TO EBITDA IN RANGE OF $5 MILLION TO $10 MILLION FROM 2021 FINANCIAL YEAR

* FIERA CAPITAL - EXPECTS TO RECORD SEVERANCE & RESTRUCTURING RELATED CHARGES IN RANGE OF $19 MILLION TO $21 MILLION BEFORE TAXES DURING Q2 2020

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