Global law firm Norton Rose Fulbright has advised BMO Financial Group on the sale of its EMEA asset management business to Ameriprise Financial, Inc. for £615 million.
BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. This strategically important transaction supports BMO's goals to focus capital and investment in areas where it has an advantaged market position, including its North American Wealth Management businesses.
Chris Randall, London-based corporate partner who co-led on the deal, commented: “We are delighted to be able to help BMO close this important transaction. The multi-disciplinary Norton Rose Fulbright team worked closely with the BMO team to finalise the transaction documentation.”
The multi-jurisdictional Norton Rose Fulbright team was also led by corporate partner Claire O’Donnell and included partners Dominic Stuttaford, Imogen Garner, Ian Giles, Mike Knapper, Emma de Ronde and Matt Findley. Support was provided from counsels Nick Howard, Giannis Waymouth, Albert Weatherill, Louisa Roe, senior associates Ben Wright, Miranda Byrne-Hill, Lai Lynne Choong and associates Anna Tumulty, Edward Coleman and Rebecca Williams.
The team also included Hong Kong partners Etelka Bogardi and James Parker who were supported by associate Rainbow Fu and assistance was further provided by Toronto based partner Tim Stewart.