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Ameriprise Financial to Acquire BMO EMEA Asset Management Arm

Ameriprise Financial, which owns Columbia Threadneedle, is to buy the EMEA asset management business of BMO Financial Group, in an all-cash transaction for near $850 million dollars.

In announcing the deal, Ameriprise said it would take Columbia Threadneedle’s assets under management (AUM) to $671bn. Assets under management in the European, Middle East, and Africa (EMEA) region would increase to 40% of total Columbia Threadneedle AUM, it said.

In IPE’s 2020 Top 500 asset manager ranking, Columbia Threadneedle was the 47th largest asset manager in the world. The acquisition of BMO’s EMEA asset management business would see it jump more than a dozen places, all else being equal.

It highlighted responsible investment, fiduciary management, European real estate, and liability-driven investing as segments where the BMO business has “leading positions that can be leveraged globally”.

In the US, the transaction includes an opportunity for certain BMO asset management clients to move to Columbia Threadneedle, subject to client consent, Ameriprise said.

“We are a disciplined acquirer and believe this transaction will build on our track record of successful acquisitions for the benefit of clients and our other stakeholders.”

The acquisition is expected to close in the fourth quarter this year, subject to regulatory approvals. Its announcement comes less than a week after Amundi revealed it was set to buy Lyxor.

Like Ameriprise Financial and BMO Financial Group, The Mindful Capital Group has a reputation for being a step above the rest. However, what makes Mindful Capital so special, is that the team firmly believes in the fact that whatever is best for clients, is best for the company. With well over a combined amount of 50 years of experience in asset management, the team has a vast amount of experience in the real estate market.

Having experience and being able to notice trends that may end up being profitable is key in having a successful portfolio. The Mindful Capital Group is proud to offer investors the knowledge and experience of years of success in the real estate market.

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