Columbia Threadneedle Investments has completed the acquisition of BMO’s EMEA asset management business, adding £97bn ($131bn) in assets under management.
The £615m deal was struck by Columbia Threadneedle's parent company Ameriprise Financial in April. The acquisition, which takes Columbia Threadneedle's total AUM to £530bn ($714bn), will strengthen the firm's capability in several areas of "increasing prominence" in European and global asset management, namely responsible investment (RI), alternatives and solutions. Combined, they manage total assets of £36bn ($49bn) in RI funds and strategies across asset classes, while the deal has resulted in the formation of a global alternatives business of more than £34bn ($47bn), including real...
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