BMO completes sale of EMEA Asset Management business
Toronto (ots/PRNewswire) - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that it has completed the previously announced sale of the entities that represent its EMEA Asset Management business to Ameriprise Financial, Inc. (NYSE: AMP).
The transaction supports BMO's goals to optimize efficiency and to focus capital and investment in areas where it has an advantaged market position, including its North American Wealth Management businesses.
About BMO Financial Group
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