European property investor F&C REIT is to change its name to BMO Real Estate Partners.
European property investor F&C REIT is to change its name to BMO Real Estate Partners.
BMO, the €225 bn global asset management arm of New York-listed Bank of Montreal, acquired F&C, including the property business, in 2014 to transform it into the Canadian group's EMEA business.
The rebranding of F&C, the oldest asset manager in the UK, takes effect on 6 July when F&C's institutional, intermediated retail and wholesale business start operating under the flag of BMO Global Asset Management.
F&C REIT, the direct property investors, has £7.5 bn (€10.3 bn) of real estate assets under management spread across the UK and continental Europe. The investment trust will be re-branded as BMO Real Estate Partners but there will be no change to how the business operate and the names of the fund will remain the same as F&C will remain in use as a secondary brand.
Richard Wilson, CEO of F&C Investments and BMO Global Asset Management (EMEA) commented, 'As part of BMO Global Asset Management, F&C's investment capabilities and solutions represent just one dimension of what we can now offer clients. We are updating our branding to reflect that better. We will continue to centre our business around our clients, delivering consistent investment performance and reliable delivery of relevant products across Europe.'