On April 12, BMO announced that we have reached an agreement to sell our Asset Management business in EMEA to Ameriprise Financial, Inc., subject to regulatory approvals and customary closing conditions. Our BMO asset management business in EMEA would become part of Columbia Threadneedle Investments, the global asset management business of Ameriprise, upon close. We expect to close the transaction by the end of the calendar year. Separately, in the U.S., the transaction includes the opportunity for certain BMO asset management clients to move to Columbia Threadneedle Investments, subject to client consent.
CEO and Head, BMO Global Asset Management