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We are pleased to confirm that the acquisition of Bank of Montreal’s EMEA* asset management business (BMO GAM (EMEA)) completed on 8th November.
Columbia Threadneedle and BMO GAM (EMEA) are two leading asset managers with solid momentum and strong client focus. Together, our complementary investment capabilities and distribution networks will deliver added value for clients as we meet their evolving needs.
This strategically important acquisition accelerates our growth in the EMEA region and secures our position as a significant global asset manager, with a total of more than £525 billion assets under management**.
**as at 30 June 2021
The acquisition will help us respond to the developing needs of our clients by adding attractive capabilities in important areas. BMO GAM (EMEA) is a recognised leader for:
- Responsible Investment (RI) – with a broad range of specialist ESG products and a responsible engagement overlay service that provides corporate engagement on equity and bond holdings, as well as proxy voting services
- Liability Driven Investing (LDI) – a top four LDI business in Europe, in the small-mid market
- Fiduciary/outsourced management – a key solutions business with teams in the Netherlands and UK
- European Real Estate – a continental European direct real estate capability based in Germany and France.
The BMO GAM (EMEA) team will also add depth and breadth in traditional asset classes. In addition, the acquisition includes the management of several publicly traded investment trusts, including F&C Investment Trust PLC, the world’s longest-tenured investment trust.
If you are solely a client of Columbia Threadneedle or BMO GAM (EMEA), there will be no change to your current point of contact.
If you are client of both Columbia Threadneedle and BMO GAM (EMEA), you will continue to have separate account managers with both organisations. We will communicate with you in due course regarding any plans for a transition to a single account manager.
BMO GAM (EMEA) will bring additional resource and expertise and we will be moving quickly to allow research to be shared across our investment teams. This will add to the insights available to our investment professionals.
There is no immediate change to any investment processes or investment approach. However, as we bring teams together we will look to bring the best from both teams to deliver the right outcomes for clients. We remain focused on continuing to deliver consistent, competitive investment performance.