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Press release content from Business Wire. The AP news staff was not involved in its creation. Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business April 12, 2021 GMT MINNEAPOLIS, BOSTON & LONDON (BUSINESS WIRE) Apr 12, 2021 Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions. ADVERTISEMENT The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of as

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