F&C Asset Management is being rebranded to BMO Global Asset Management following its acquisition by BMO Financial Group last year.
From 6 July, F&C’s institutional, intermediated retail and wholesale business will be renamed BMO Global Asset Management, while the F&C REIT will become BMO Real Estate Partners. F&C’s investment trust business will remain as it is and there will be no changes to fund names.
The rebranding is part of a wider move to re-launch BMO Financial Group’s asset management business in Europe, the Middle East and Africa, with F&C at the core of the business.
F&C’s distribution teams, which will sit under the BMO Global Asset Management umbrella, will be responsible for distributing the full range of products within the business. This will include boutique specialists LGM Investments, Monegy, Pyrford, TCH and BMO Real Estate Partners.
Barry McInerney, Co-CEO, BMO Global Asset Management, says: “F&C Investments has become renowned for the strong performance of its products, innovative solutions and client dedication. We look forward to building on this success under the BMO Global Asset Management brand.”
Richard Wilson, chief executive of F&C Investments and BMO Global Asset Management (EMEA) says the firm plans to expand its distribution team and build its presence in additional countries, as well as adding to its market share in existing countries such as the UK.
He adds: “As part of BMO Global Asset Management, F&C’s investment capabilities and solutions represent just one dimension of what we can now offer clients. We are updating our branding to reflect that better. We will continue to centre our business around our clients, delivering consistent investment performance and reliable delivery of relevant products across Europe.