TORONTO, July 5, 2019 /CNW/ - BMO Private Investment
Counsel Inc. ("BPIC"), the investment management arm of BMO Private
Banking and the manager of BMO Private U.S. Equity Portfolio (the
"Portfolio"), today announced the appointment of a new
sub-advisor for the Portfolio.
Effective on or about July 19,
2019, Vontobel Asset Management, Inc. will be appointed as a
new sub-advisor of the Portfolio. BMO Asset Management Corp.
will continue to act as a sub-advisor to the Portfolio.
There will be no change to the Portfolio's fundamental
investment objective or to its investment risk rating as a result
of the appointment of the new sub-advisor.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America.
With total assets of $830 billion as of April 30,
2019, and a team of diverse and highly engaged employees, BMO
provides a broad range of personal and commercial banking, wealth
management and investment banking products and services to more
than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group