Regulation, Risk & Compliance
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Wealth and Asset Management
BMO refocuses Wealth Management business for North American growth, announces sale of EMEA Asset Management business
BMO Financial Group has announced that it has reached a definitive agreement with Ameriprise Financial, Inc. to sell the entities that represent its EMEA Asset Management business. Under terms of the agreement, Ameriprise Financial will purchase BMO's EMEA asset management business for £615 million or approximately CAD $1,089 million, in…
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Source: BMO Financial Group