HONG KONG, CHINA and TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Bank of Montreal (TSX:BMO)(NYSE:BMO) announced today that it has completed the acquisition of Hong Kong-based Lloyd George Management (LGM). The acquisition was announced on January 11, 2011.
"We can now offer BMO clients much greater opportunity to capitalize on the growth potential in select global markets while giving LGM clients access to a broad range of BMO products and services," said Gilles Ouellette, President and Chief Executive Officer, Private Client Group, BMO Financial Group, and Chairman Bank of Montreal (China) Co. Ltd.
"As a highly regarded investment manager based in Hong Kong and specializing in Asian and Global Emerging Markets, LGM complements our established presence in China and enhances BMO's Asia growth strategy," added Mr. Ouellette.
Robert Lloyd George will lead the company, which will continue to operate under the name Lloyd George Management. He will report to Barry McInerney, Co-CEO BMO Global Asset Management.
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