Canada-based Bank of Montreal has announced a definitive agreement to purchase record keeping business of Integra GRS, a wholly owned subsidiary of Integra Capital Management Corporation.
Ed Legzdins, Senior Vice-President, Retail Investments, Private Client Group and Managing Director, International, BMO Capital Markets, said: “This acquisition is an extension of our existing wealth management offering. 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.”
Integra GRS is a full service provider in the group retirement services industry providing an open architecture system with a broad array of investment options.
BMO Financial Group is a diversified North American financial services organization providing a broad range of retail banking, wealth management and investment banking products and solutions.
