Fiera Capital
Banking
TSE: FSZ
Canada
An acquisition of Fiera Capital reportedly has a fund that invests exclusively in Iranian securities In 2017, CalSTRS designated Fiera Capital as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Fiera Capital after reviewing the company’s business with Iran and internal controls to prevent sanction violations.
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In 2017 the U.S. state of California listed Fiera Capital as a company under review for reportedly having a fund that invests exclusively in Iranian securities.
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