In connection with this acquisition, Robert Lloyd George has been appointed to lead the company reporting to Barry McInerney, co-CEO of BMO Global Asset Management. The LGM will retain its same brand name for the continuation of operations.
In addition to Hong Kong, LGM has a local presence in London, Singapore, Mumbai and Florida.
Gilles Ouellette, president and CEO Private Client Group of BMO Financial Group, and chairman Bank of Montreal China said the group 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.
"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," Ouellette said.
