September 06, 2012 (PLANSPONSOR.com) - The three primary lines of business in the former M&I Institutional Trust Services will be renamed to reflect their integration into BMO’s global businesses.
This follows an initiative earlier this year that rebranded the Marshall Funds to BMO Funds and the merging of M&I Investment Management Corp into Harris Investment Management Inc., which was renamed BMO Asset Management Corp. The newly branded businesses are BMO Retirement Services, BMO Taft-Hartley Services and BMO Not-for-Profit Services. All include the services provided by the firm’s retirement and trust and custody division, and have access to the investment expertise of BMO Global Asset Management.
“Rebranding these lines of businesses was the next step in our successful integration efforts and reflects the importance they play in our overall business strategy,” said Barry S. McInerney, co-chief executive. “Our ability to provide clients with holistic asset management solutions and service excellence is at the core of our corporate principles.”
BMO Retirement Services features a platform of retirement and trust and custody services. BMO Taft-Hartley Services provides recordkeeping, custody, securities lending and other financial services for single- and multi-employer benefit plans, as well as unions and other labor-related entities. BMO Not-for-Profit Services offers a wide range of services to charities, endowments and other nonprofits.
“As an integrated part of BMO Global Asset Management, clients of these three businesses will benefit from the backing, reach and extensive resources of a truly global financial services provider,” McInerney said.