Fiera, Roycom Merge For Real Estate
New company will provide pooled funds, segregated account management.
BY Benefits Canada Staff | April 5, 2012
Fiera Properties Limited and Roycom Inc. are merging their businesses in order to create a new real estate investment management company. The company will focus on providing pooled fund and segregated account management services.
“By joining with Roycom, we have found the right partner that will help us launch our business and market new products,” said Stuart Lazier, CEO of Fiera Properties. “Our investors will recognize us as a trusted real estate investment management firm that serves the evolving needs of the investment community through intelligent innovation in all of our products and services.”
“Over the past 15 years, Stuart and I have worked together on numerous transactions,” said Rob Roy, president of Roycom Inc. “We felt our businesses were complementary and will continuously generate value for our investors who have entrusted us with their capital to deliver on their promise to their stakeholders.”
After the merger, Lazier will be chief executive officer and Roy will be president of the organization. The two will lead a combined team of 12 professionals in Halifax and Toronto.
“We are excited about working with this experienced and highly credible management team as we introduce real estate investment strategies to our clients,” said Jean-Guy Desjardins, chairman, CEO and CIO of Fiera Capital. “Fiera Properties now has the team, the platform and the track record that will enable us to take a leading position in real estate investment management business.”