Bank of Montreal (BMO) said Monday it completed its acquisition of Burgundy Asset Management.
Financial terms of the transaction were not disclosed.
Burgundy will operate as a separate line of business under BMO Wealth Management and will still be headed by Burgundy Chief Executive Robert Sankey, while co-founders Tony Arrell and Richard Rooney will remain with the business, the bank said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.