Columbia Threadneedle completes $615m BMO deal

US parent Ameriprise Financial announced the all-cash acquisition back in April

Hope William-Smith
clock • 2 min read
The US parent of Columbia Threadneedle confirmed the £615m all-cash deal in April.
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The US parent of Columbia Threadneedle confirmed the £615m all-cash deal in April.

Columbia Threadneedle Investments has completed its acquisition of the EMEA asset management business of BMO, adding £97bn in assets under management (AUM) to its business.

Ameriprise Financial - the US parent of Columbia Threadneedle - confirmed the £615m all-cash deal to purchase the BMO arm from Bank of Montreal in April. The financial services firm had said the acquisition...

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