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BMO Financial Group has completed the acquisition of F&C Asset Management.
“Adding a European base builds scope and scale to our well-established portfolio of wealth management businesses and rounds out what is a broad global offering,” says CEO Bill Downe.
With this acquisition, BMO Global Asset Management now has 24 offices in 14 countries serving clients across five continents, with approximately half of its assets under management managed on behalf of clients located outside of North America.
F&C will continue to operate under the leadership of its CEO, Richard Wilson, and his management team.
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