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Columbia Threadneedle to assume BMO EMEA asset management business

Columbia Threadneedle to assume BMO EMEA asset management business
Ameriprise Financial strikes £615m deal
The deal brings $124bn to the group s European AUM
Columbia Threadneedle Investments is to assume BMO s EMEA asset management business, growing firm AUM to $671bn, ahead of a £615m deal struck by parent company Ameriprise Financial.
Ameriprise has signed a definitive agreement with BMO Financial Group to acquire the business in an all-cash transaction, which adds $124bn to the group s European AUM and brings total AUMA to $1.2trn.
The deal, which is expected to close in the fourth quarter of 2021, subject to regulatory approvals, will further accelerate Ameriprise s strategy of growing its fee-based businesses, and grow its wealth and asset management capabilities. ....

United States , Ted Truscott , Joanna Rotenberg , Jim Cracchiolo , Financial Group , Threadneedle Investment , Columbia Threadneedle , North American , Columbia Threadneedle Investments , Ameriprise Financial Jim Cracchiolo , Columbia Threadneedle Investments Ted Truscott , M Amp A , Ameriprise Financial , ஒன்றுபட்டது மாநிலங்களில் , டெட் டிரஸ்காட் , ஜொவந ரோட்டன்பெர்க் , ஜிம் கிராச்சியலோ , நிதி குழு , வடக்கு அமெரிக்கன் , அமெரிப்ரிஸ் நிதி ,

Columbia Threadneedle acquires BMO EMEA asset management business

Columbia Threadneedle acquires BMO EMEA asset management business
Ameriprise Financial strikes £615m deal
The deal brings $124bn to the group s European AUM
Columbia Threadneedle Investments is to assume BMO s EMEA asset management business, growing firm AUM to $671bn, ahead of a £615m deal struck by parent company Ameriprise Financial.
Ameriprise has signed a definitive agreement with BMO Financial Group to acquire the business in an all-cash transaction, which has added $124bn to the group s European AUM and taken total AUM to $1.2trn.
The deal, which is expected to close in the fourth quarter of 2021, subject to regulatory approvals, will further accelerate Ameriprise s strategy of growing its fee-based businesses, and grow its wealth and asset management capabilities. ....

United States , Ted Truscott , Joanna Rotenberg , Jim Cracchiolo , Financial Group , Threadneedle Investment , Columbia Threadneedle , North American , Columbia Threadneedle Investments , Ameriprise Financial Jim Cracchiolo , Columbia Threadneedle Investments Ted Truscott , M Amp A , Ameriprise Financial , ஒன்றுபட்டது மாநிலங்களில் , டெட் டிரஸ்காட் , ஜொவந ரோட்டன்பெர்க் , ஜிம் கிராச்சியலோ , நிதி குழு , வடக்கு அமெரிக்கன் , அமெரிப்ரிஸ் நிதி ,