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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. ....
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. ....