OneAmerica to Acquire BMO's U.S. Retirement Services Business

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BMO Financial Group (BMO) to Sell U.S. Retirement Services Unit

June 26, 2015 8:33 AM EDT

OneAmerica and BMO Financial Group (NYSE: BMO) announced today that they have reached an agreement for OneAmerica to acquire BMO's Milwaukee-based, U.S. retirement services business, BMO Retirement Services, a division of BMO Global Asset Management. Terms of the agreement were not disclosed.

"Adding BMO's retirement services business enhances our already strong position as a leader in the retirement services industry and complements our high-touch, relationship-based service model," said OneAmerica President and CEO Scott Davison,... More