BMO Global Asset Management Expands Into Australia
- Australia leads the world in money invested in managed funds per capita
- Australia's pension system is now the fourth largest in the world
- Opening of new office will provide Australians with greater access to BMO's world class team of asset managers
- BMO Global Asset Management's presence in Australia will be led by Ravi Sriskandarajah, who brings more than 15 years of asset management experience to the role
“With BMO's growing presence in Asia Pacific, we can offer our current and potential clients more investment options to choose from and easier access to our global network and wide breadth of expertise,” said Gilles Ouellette, President and Chief Executive Officer, Private Client Group, BMO Financial Group. “Australia is a dynamic market that holds tremendous potential. This is a great opportunity to expand our existing relationships with investors, as well as build new, long-term partnerships.”
“Australians have more money invested in managed funds per capita than any other economy so there's tremendous upside for our asset management business in the region,” said Barry McInerney, Co-CEO, BMO Global Asset Management. “Since the Australian superannuation system was made mandatory in 1992, it has grown significantly and is the fourth largest in the world.”
McInerney noted that, with the opening of the BMO Global Asset Management office, Australian investors will benefit through greater access to a world-class team of asset managers and a group of professionals committed to service excellence.
To lead BMO Global Asset Management‘s efforts in Australia, the organization has appointed Ravi Sriskandarajah as Managing Director, BMO Global Asset Management. Mr. Sriskandarajah has more than 15 years of asset management experience and was most recently Head of Institutional Distribution in Australia for one of the world’s largest asset managers. Mr. Sriskandarajah will be based out of Melbourne and will spend a significant amount of time in Sydney as well. He will represent an expert team of multi-disciplined asset managers based in Toronto and Chicago, and a global network of investment specialist boutiques based in Miami, Toronto, London, Mumbai, and Hong Kong.
BMO Global Asset Management‘s expansion into Australia follows the 2012 opening of an office in Abu Dhabi. BMO Global Asset Management’s assets under management have grown from USD $466 million to more than USD $1.5 billion (as of May 31, 2013) in the Middle East and North African regions in just 18 months.
Website: http://www.bmo.com
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This news is a press release provided by BMO Financial Group. Korea Newswire follows these editorial guidelines.
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2016년 2월 25일 08:29