|By Marketwired .||
|June 16, 2014 11:00 AM EDT||
TORONTO, ONTARIO and CHICAGO, ILLINOIS -- (Marketwired) -- 06/16/14 -- BMO Global Asset Management today announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment Initiative (UNPRI).
The UNPRI is a global network of investors, including asset owners, investment managers and service providers, working together to put principles of responsible investing into practice. It is a framework designed to encourage sustainable investing through integration of Environmental, Social and Governance (ESG) issues in investment decision-making and ownership practices.
BMO Global Asset Management joins the recently acquired F&C Asset Management plc as a signatory of the initiative.
"F&C was one of the founders of UNPRI when it was established in 2006, and we are proud to join them and formally recognize our focus on sustainable decision-making and investing," said Barry McInerney, Co-CEO, BMO Global Asset Management. "Over the last few years BMO Global Asset Management has grown considerably, expanding our footprint in key regions such as Europe, Asia and Australia. Increasingly, our clients, regardless of where they live, expect us to act in a globally responsible manner. Being a signatory to UNPRI helps us achieve this."
"Global firms such as ours have a duty to ensure we are aligned with principles that consider the impact decisions have on the greater good," said Rajiv Silgardo, Co-CEO, BMO Global Asset Management. "In joining this initiative, BMO Global Asset Management is committing to abiding by the principles of responsible investing and integrating them into our practices."
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager delivering service excellence from 24 offices in 14 countries to clients across five continents.
Headquartered by four multi-disciplined investment teams based in Toronto, Chicago, London and Hong Kong, the organization is complemented by a network of world-class boutique managers strategically located across the globe. They include Lloyd George Management, Monegy, Inc., Pyrford International Ltd., and Taplin, Canida & Habacht, LLC. With operations throughout North America and Europe, and in Abu Dhabi, Mumbai, Beijing, Shanghai, Hong Kong, Melbourne and Sydney, BMO Global Asset Management has been recognized by Pension & Investments as one of the world's largest 100 asset managers based on combined assets under management as of December 31, 2013.
BMO Global Asset Management is a part of BMO Financial Group (NYSE: BMO), a fully diversified financial services organization with C$582 billion total assets and more than 45,500 employees as of April 30, 2014.
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement, and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO). Investment products are: Not FDIC Insured - No Bank Guarantee - May Lose Value
©2014 BMO Financial Corp.