Bringing you live news and features since 2006 


BMO Financial acquires Integra’s retirement recordkeeping business


BMO Financial Group has completed the acquisition of the group retirement recordkeeping business of ICMC Group Retirement Services, a subsidiary of Integra Capital Management.

This acquisition was announced in June 2009.

"This acquisition represents an excellent opportunity for growth," says Ed Legzdins, senior vice president, retail investments, private client group and managing director, international, BMO Capital Markets. "With the capital accumulation plan market growing quickly, it’s a great time to develop our group retirement services platform. The acquisition of Integra’s group retirement recordkeeping business provides us with an entry into this business and allows BMO to make available a full suite of BMO-branded investment products – such as mutual funds — as further investment options for the capital accumulation plan sponsors and members."

Joan Johannson, president of the acquired business, will continue as president of BMO Group Retirement Services.

"Our entire team is looking forward to their new future at BMO GRS and to delivering the same high level of client support and service that our clients have been accustomed to receiving," she says.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by