Ameriprise to buy BMO's EMEA asset management arm as part of expansion of Columbia Threadneedle Investments

Jonathan Stapleton
clock • 2 min read

Ameriprise Financial – the US parent of Columbia Threadneedle Investments – is set to acquire the EMEA asset management business of BMO Financial Group in a £615m all-cash deal.

The financial services firm said the acquisition would accelerate its strategy of growing its fee-based businesses and increase the overall contribution of wealth management and asset management. ...

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