In the fourth quarter

Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business for 845 Million Dollars

Date:

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Pixabay CC0 Public Domain. Preqin compra Colmore, firma tecnológica de servicios y gestión de mercados privados

Author: Beatriz Zúñiga

  1. The acquisition will add a substantial presence in the European institutional market for Columbia Threadneedle Investments’ and expand its investment capabilities
  2. It will grow the fee-based businesses of Ameriprise and increase the overall contribution of wealth management and asset management within its business
  3. Together with BMO’s EMEA asset management business, Ameriprise will have more than 1.2 trillion dollars of AUM and administration