Bank of Montreal of Toronto, announced today that it has acquired Guardian Group of Funds Ltd. from Guardian Capital Group Limited, also of Toronto.

The deal is valued at $180 million Canadian in treasury shares, according to a Bank of Montreal spokesperson.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.