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We are pleased to confirm that the acquisition of Bank of Montreal’s EMEA and Asia Pacific* asset management business (BMO GAM (EMEA/Asia Pacific)) completed on 8th November.
This strategically important acquisition accelerates our growth and secures our position as a significant global asset manager, with a total of more than $725 billion assets under management**.
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/Asia Pacific) brings leading capabilities in Liability Driven Investing and fiduciary management, along with its well recognised responsible investment expertise and capabilities in alternative and traditional asset classes.
**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/Asia Pacific) 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/Asia Pacific) 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/Asia Pacific), there will be no change to your current point of contact.
If you are client of both Columbia Threadneedle and BMO GAM (EMEA/Asia Pacific), 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/Asia Pacific) 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.