Columbia Threadneedle Investments
TypeSubsidiary
IndustryInvestment management
PredecessorColumbia Management Group
Threadneedle Asset Management
Founded2015 (2015)
HeadquartersAtlantic Wharf,
Boston
,
United States
Key people
William F. "Ted" Truscott (CEO)
ProductsMutual funds
ETFs
Managed accounts
529 plan
Closed-end funds
AUMUS$608 billion (March 2023)
Number of employees
2500 (September 2022)
ParentAmeriprise Financial
Websitecolumbiathreadneedle.com

Columbia Threadneedle Investments (Columbia Threadneedle) is an American asset management firm. It is a subsidiary of Ameriprise Financial and operates as its asset management arm.

Background

Columbia Threadneedle was formed in 2015 as the result of a merger between Columbia Management Group (an investment advisor and sponsor of mutual funds) and Threadneedle Asset Management (a non-US focused asset management firm based in the United Kingdom). Columbia Management Group and Threadneedle Asset Management were subsidiaries of Ameriprise Financial which were acquired in 2010 and 2003 respectively. Columbia Management was the asset management business of Bank of America.[1][2][3][4]

In April 2021, Columbia Threadneedle acquired BMO's European asset management business for $845 million.[5] The acquisition was completed in November 2021 and the BMO funds were rebranded to the Columbia Threadneedle name.[6]

Columbia Threadneedle is headquartered in Boston with offices in 17 countries including Luxembourg, Singapore and the United Kingdom. Its businesses serve clients in the Americas, Europe, the Middle East and Asia.[7]

References

  1. ↑ Newlands, Chris (January 11, 2015). "Threadneedle and Columbia in 'good yin-yang' merger". www.ft.com. Retrieved July 15, 2023.
  2. ↑ "Ameriprise Financial to rebrand two fund businesses as Columbia Threadneedle Investments". Star Tribune. Retrieved March 26, 2021.
  3. ↑ "Ameriprise to acquire most of BofA's Columbia for $1B". InvestmentNews. September 30, 2009. Retrieved January 11, 2023.
  4. ↑ "Ameriprise Financial acquires Columbia Management". www.theasset.com. Retrieved March 26, 2021.
  5. ↑ "Columbia Threadneedle agrees $845 million deal to acquire BMO European asset management business - The TRADE". www.thetradenews.com. Retrieved April 20, 2021.
  6. ↑ "BMO GAM rebranded as Columbia Threadneedle Investments following acquisition - The TRADE". www.thetradenews.com. Retrieved July 15, 2023.
  7. ↑ "About us". Columbia Threadneedle Investments. Archived from the original on April 3, 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.