09:01 AM EST, 11/03/2025 (MT Newswires) -- Bank of Montreal ( BNKD ) said Monday it completed its acquisition of Burgundy Asset Management.

Financial terms of the transaction were not disclosed.

Burgundy will operate as a separate line of business under BMO Wealth Management and will still be headed by Burgundy Chief Executive Robert Sankey, while co-founders Tony Arrell and Richard Rooney will remain with the business, the bank said.