the manager Columbia Threadneedle Investments, part of the Ameriprise Financial group, has completed the process of acquiring the Bank of Montreal’s (BMO) asset management business in the Europe region, Middle East and Africa (EMEA). The announcement was made on April 12.
This acquisition allows the fund manager Columbia Threadneedle to increase €113 billionso it will manage a total of 617 billion euros, according to official data provided in the official statement.
The operation will strengthen Columbia Threadneedle in areas such as sustainable investing, alternative assets and investment solutions for insurers and banks. The entity will employ more than 2,500 people.
Its general manager for Iberia and Latin America is Ruben Garcia Paez since 2006.
Corporate operations do not stop taking place in the asset and wealth management sector at an international level. The latest have come from the side of unlisted assets: Franklin Templeton has acquired Lexington Partners and T. Rowe Price has bought Oak Hill Advisors.