17 January 2018
visit www.ebaday.com

Bank of Montreal to buy Integra GRS recordkeeping business

11 June 2009  |  3184 views  |  0 Source: Bank of Montreal

Bank of Montreal today announced a definitive agreement to purchase the recordkeeping business of Integra GRS, a wholly owned subsidiary of Integra Capital Management Corporation.

The business, which provides recordkeeping and administrative services for capital accumulation plans, now will be backed by BMO's strength, commitment and full suite of retail investment products. The deal is expected to close in the fall.

"This acquisition is an extension of our existing wealth management offering," said Ed Legzdins, Senior Vice-President, Retail Investments, Private Client Group and Managing Director, International, BMO Capital Markets. "Complementing Integra's full selection of funds with BMO's retail investment products gives us the opportunity to develop a group retirement services platform and offer a suite of products through the institutional pension market. We look forward to welcoming the Integra GRS team, their clients and plan members to the BMO family."

Joan Johannson, President and Managing Director of Integra GRS, said, "Our management team and employees are very excited about joining one of Canada's premier financial services companies. We look forward to expanding our services for our clients and their plan members who will be reassured to know that it is business as usual with the same team in place, dedicated to service excellence."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11284 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9925 views comments | 14 tweets | 33 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9116 views comments | 17 tweets | 18 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
8828 views comments | 30 tweets | 34 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
8815 views comments | 17 tweets | 13 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job