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Fiera Capital Corp. has made two executive-level appointments, the firm announced Wednesday.

Jean-Guy Desjardins, founder of Fiera Capital, will become executive chairman of the firm’s board of directors, leaving his CEO post. Filling that position is Jean-Philippe Lemay, formerly the global president and chief operating officer at Fiera. Lemay will remain as global president, but with the added responsibilities that come with the CEO title.

“The Board is very pleased to be able to continue to benefit from Jean-Guy’s leadership and has full confidence in Jean-Philippe, a widely respected leader with a proven capacity to deliver ambitious results,” said David Shaw, lead director of Fiera Capital’s board of directors, in a statement.

Desjardins will remain active in pivotal strategic and investment decisions within the firm, including  serving the firm’s clients.

Headquartered in Montreal, Fiera Capital has offices in Canada and the United States, as well as in London, Frankfurt, Hong Kong, Singapore and the Isle of Man.

Fiera Capital had about $180 billion in assets under management as of Sept. 30, 2021.

Fiera Capital is publicly traded. As of April, 2021, about 10% of Fiera Capital stock was held by Natixis Investment Managers Canada Holding Ltd.