Columbia Threadneedle completes £615m acquisition of BMO EMEA asset management business

Brings total AUM to £530bn

Columbia Threadneedle Investments has completed the acquisition of BMO’s EMEA asset management business, adding £97bn ($131bn) in assets under management.

The £615m deal was struck by Columbia Threadneedle's parent company Ameriprise Financial in April this year and was expected to complete in the fourth quarter. The acquisition, which brings Columbia Threadneedle's total AUM to £530bn ($714bn), will strengthen the firm's capability in several areas of "increasing prominence" in European and global asset management, namely responsible investment (RI), alternatives and solutions. Combined, they manage total assets of £36bn ($49bn) in RI funds and strategies across asset classes, while the deal has resulted in the formation of a global al...