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BMO Global Asset Management Europe has bought F&C Asset Management plc.

Read: BMO cuts 7 ETF fees

With this acquisition, BMO Global Asset Management now has 24 offices in 14 countries, serving clients across five continents. Approximately half of its assets under management belong to clients located outside of North America.

F&C will continue to operate under its CEO, Richard Wilson, and his management team.

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Originally published on Advisor.ca

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