Columbia Threadneedle acquires BMO’s business

Columbia Threadneedle has confirmed that the acquisition of Bank of Montreal’s EMEA asset management business (BMO GAM (EMEA)) has completed.

The Boston-based global investor has offices in 17 countries, and over 2,500 staff. The acquisition increases Columbia Threadneedle’s assets under management to £525 billion.

A Columbia Threadneedle press release reads:

“Columbia Threadneedle and BMO GAM (EMEA) are two leading asset managers with solid momentum and strong client focus. Significantly, our complementary investment capabilities and distribution networks will deliver added value for clients as we meet their evolving needs.

“Adding to Columbia Threadneedle’s established strengths in core asset classes and real estate and our strong long-term performance track record, BMO GAM (EMEA) brings leading capabilities in Liability Driven Investing and fiduciary management. Additionally, it contributes well recognised responsible investment expertise and capabilities in alternative and traditional asset classes.

We’re excited about what this acquisition will bring to our clients and our business. Our combined global team of more than 2,500 people share a client-centric culture, a collaborative and research-based investment approach, and a long-held commitment to responsible investment principles. We therefore look forward to embracing our role together as active managers to drive real world change, deliver client outcomes and help achieve a sustainable future for all. The success of our clients remains our priority and will underpin our approach through the transition period.”

To discuss the market for potential acquisitions, speak with our Senior Broker Gwill Evans and click here.