BMO Rebrands Retirement Business

BMO Global Asset Management has rebranding its defined contribution services business, now known as BMO Retirement Services.

Therefore, that unit will no longer be operating under the Institutional Trust Services umbrella.

The company said it is part of a renewed focus on enhancing its recordkeeping services and employee education capabilities.

The Milwaukee-based BMO Retirement Services will continue to feature an open architecture platform, which will be augmented by BMO Global Asset Management’s investment management capabilities. BMO also intends to maintain and grow its specialty teams that service not-for-profit and Taft-Hartley clients.