BMO’s asset management business in Europe, the Middle-East and Africa (EMEA) is also set to take the new name from 6 July this year.
The London-based fund house said F&C’s institutional, retail and wholesale business will form the “centrepiece” of the newly branded business. Its distribution teams will also operate under the BMO Global Asset Management brand.
“F&C’s investment capabilities and solutions represent just one dimension of what we can now offer clients, and we are updating our branding to reflect that better” said Richard Wilson, chief executive of F&C Investments and BMO Global Asset Management (EMEA).
“Under BMO Global Asset Management we will continue to build on our ambitious plans to expand our distribution team and invest in our talent,” he said.
“We will strengthen our teams and aim to build on our market share substantially in existing markets – such as the UK and Germany – as well as add coverage to additional countries.”
F&C’s REIT, the direct property investors, will be re-branded as BMO real estate partners. There will be no change to F&C’s investment trust business and no fund names are changing.
F&C shareholders approved the acquisition of the business in March last year.
BMO Global Asset Management has 24 offices and serves clients in 14 countries around the world.
