Ameriprise Financial completed the acquisition of the EMEA asset management business of BMO Financial for $845m.

Ameriprise Financial, a diversified financial services company, completed the acquisition of the EMEA asset management business of BMO Financial, a Canadian multinational investment bank, for $845m. “Adding BMO’s EMEA asset management business is an exceptional growth opportunity. The transaction advances our strategy and enhances our geographic and asset class diversification, enabling us to serve more clients and meet more of their needs. Critical to this opportunity is the strong alignment between our organizations. We share a client-centric culture, fundamental belief in active management, collaborative and research-based investment approach, and long-held commitment to responsible investment principles," Ted Truscott, Columbia Threadneedle Investments CEO.