BMO Global Asset Management to Brand Its Retirement Group as BMO Retirement Services

MILWAUKEE, April 3, 2012 /PRNewswire/ -- BMO Global Asset Management today announced a renewed focus on enhancing their award-winning recordkeeping services and renowned employee education capabilities by leveraging organizational scale and expertise.  As a result, the defined contribution services business, now known as BMO Retirement Services, will no longer be operating under the Institutional Trust Services umbrella.

"This signifies BMO's unwavering commitment to the retirement services market and the clients we serve.  By bringing our retirement research and investment management expertise to bear on our retirement plan solutions we can put the full power of our resources toward improving the retirement security of the people we serve, our retirement plan participants," said Barry McInerney, Co-CEO of BMO Global Asset Management.

The Milwaukee-based BMO Retirement Services will continue to feature an open architecture platform, which will be augmented by BMO Global Asset Management's expanding investment management capabilities.  "Our goal is to offer a solutions-based approach that fully aligns with the dictates and best interests of plan sponsors and the advisors who serve them," McInerney said.  

According to Phil Enochs, CFA, Managing Director, Head of Relationship Management for BMO Global Asset Management, BMO Retirement Services seeks to be counted among the major players in the U.S. retirement market.  He noted that this is achievable if the group maintains its solutions mindset, continues to deliver award-winning client service and takes full advantage of intra-corporate integration opportunities. BMO also intends to maintain and grow its specialty teams that bring specific expertise to both Not-for-Profit and Taft-Hartley clients.

About BMO Global Asset Management

BMO Global Asset Management offers a broad array of investment, retirement, trust and custody solutions to institutional investors, and retail and high-net-worth individuals, worldwide.  BMO Global Asset Management clients have access to experienced investment teams at multi-disciplined asset managers headquartered in Chicago, Milwaukee and Toronto, and investment specialist boutiques based in Hong Kong, London, Miami and Toronto.  With over $100 billion in combined assets under management as of October 31, 2011, BMO Global Asset Management delivers investment solutions designed to meet the diverse needs of investors across North America, Europe, Asia/Pacific and the Middle East.  BMO Global Asset Management is a brand name for BMO Financial Group's asset management companies.  

BMO Retirement Services, Not for Profit and Taft-Hartley Services are divisions of the Marshall & Ilsley Trust Company N.A., and offer products and services through various affiliates of BMO Financial Corp.

BMO Global Asset Management is the brand name for various affiliated entities of the BMO Financial Group, which is a service mark of Bank of Montreal (BMO).  Those affiliated entities offer various products and services such as BMO Retirement Services.  Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions. Those products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations.

Investments are: Not FDIC Insured | No Bank Guarantee | May Lose Value

SOURCE BMO Global Asset Management

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