TORONTO, July 5, 2019 /CNW/ - BMO Private Investment Counsel Inc. ("BPIC"), the investment management arm of BMO Private Banking and the manager of BMO Private U.S. Equity Portfolio (the "Portfolio"), today announced the appointment of a new sub-advisor for the Portfolio.
Effective on or about July 19, 2019, Vontobel Asset Management, Inc. will be appointed as a new sub-advisor of the Portfolio. BMO Asset Management Corp. will continue to act as a sub-advisor to the Portfolio.
There will be no change to the Portfolio's fundamental investment objective or to its investment risk rating as a result of the appointment of the new sub-advisor.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $830 billion as of April 30, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group