BMO Financial Group’s asset management business in Europe, the Middle-East and Africa (EMEA) will be rebranding as BMO Global Asset Management.
The announcement follows last year's acquisition of F&C Asset Management plc, which will form the centrepiece of the newly branded business. F&C's institutional, intermediated retail and wholesale business will be re-branded BMO Global Asset Management.
F&C REIT, the direct property investors, will be re-branded as BMO Real Estate Partners. There will be no change to F&C's investment trust business. No fund names are changing. All changes are effective 6 July, 2015.
The F&C distribution teams will operate under the BMO Global Asset Management brand. They will be responsible for distributing the full range of capabilities within the BMO Global Asset Management business, which also includes boutique specialists LGM Investments, Monegy, Pyrford, TCH and the soon to be called BMO Real Estate Partners.
"F&C Investments has become renowned for the strong performance of its products, innovative solutions and client dedication. We look forward to building on this success under the BMO Global Asset Management brand," says Barry McInerney, Co-CEO, BMO Global Asset Management.
"As a leading global asset manager, we're focused on providing clients with solutions that meet their evolving needs by drawing on the success and capabilities across a range of assets. We will continue to provide relevant, best-of-breed products to investors across the region."
Richard Wilson, Chief Executive of F&C Investments and BMO Global Asset Management (EMEA) says: "As part of BMO Global Asset Management, F&C's investment capabilities and solutions represent just one dimension of what we can now offer clients. We are updating our branding to reflect that better. We will continue to centre our business around our clients, delivering consistent investment performance and reliable delivery of relevant products across Europe."
"Under BMO Global Asset Management we will continue to invest in our business, building on our ambitious plans to expand our distribution team and investing in our talent. We will strengthen our teams and aim to build on our market share substantially in existing markets – such as the UK and Germany – as well as add coverage to additional countries."
