Canada's BMO Financial Group (BMO.TO) (BMO.N) said it will buy Hong Kong-based wealth management firm Lloyd George Management on undisclosed terms, as it looks to boost its presence in Asia and emerging markets. Apart from Hong Kong, Lloyd George has a local presence in London, Singapore, Mumbai and Florida. The specialist emerging markets manager has about $6 billion under management. "Wealth management is a key component in BMO's Greater China strategy. This acquisition will complement our established presence in China," Gilles Ouellette, chief executive of the company's Private Client Group said.
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