The Globe and Mail reports in its Tuesday edition that the race to replace Jean-Guy Desjardins at Fiera Capital resumed Monday with the hiring of veteran money manager Maxime Ménard as chief executive officer of Fiera Canada. The Globe's Jameson Berkow writes that Mr. Ménard's appointment comes almost exactly one year after Mr. Desjardins made a surprise return to the CEO role of the company he founded in 2003. Mr. Desjardins first relinquished the position in early 2022 to Jean-Philippe Lemay -- his hand-picked successor who had spent a decade being groomed for the role -- only to retake the job in January, 2023, after Mr. Lemay left Feira under circumstances that remain unclear. While Mr. Desjardins, 79, will remain global CEO and chair of the Montreal company's board, he told The Globe that Mr. Ménard "will obviously be one of my potential successors." The Canadian division Mr. Ménard has been tapped to lead represents roughly 65 per cent of Fiera's business. "The board has been asking me over the last year for a succession plan and it is very clear that Maxime is a serious, high-profile candidate," Mr. Desjardins said. Mr. Ménard has spent the past 20 years of his career at investment manager Jarislowsky Fraser.