To expand its Asian wealth management business, BMO Financial Group announced Tuesday that it has signed a definitive agreement to buy Hong Kong-based Lloyd George Management.
Lloyd George, which was founded in 1991, is independent investment manager specializing in Asia and Global Emerging Markets. It has $6 billion in assets under management. In addition to its Hong Kong offices it has locations in London, Singapore, Mumbai and Florida. The company employs more than 80 people in portfolio management and research, client service, administration and compliance including 29 investment professionals.
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