Mergers & Acquisitions

BMO Said to Weigh Options for $270 Billion Fund-Manager Arm (1)

Oct. 29, 2020, 4:59 PM

Bank of Montreal is exploring options for its asset management operations, as the Canadian firm considers scaling back the business’s international footprint, people with knowledge of the matter said.

The lender is working with an adviser to study strategic alternatives for the unit, according to the people, who asked not to be identified because the information is private. The review, which is at an early stage, could lead Bank of Montreal to seek a buyer for some parts of the asset management business outside its home market, the people said.

Cutthroat competition on fees and the shift to passive management...

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