Columbia Threadneedle Investments (Columbia Threadneedle) is an American asset management firm. It is a subsidiary of Ameriprise Financial and operates as its asset management arm.
Background
Columbia Threadneedle was formed in 2015 as the result of a merger between Columbia Management Group (an investment advisor and sponsor of mutual funds) and Threadneedle Asset Management (a non-US focused asset management firm based in the United Kingdom). Columbia Management Group and Threadneedle Asset Management were subsidiaries of Ameriprise Financial which were acquired in 2010 and 2003 respectively. Columbia Management was the asset management business of Bank of America.[1][2][3][4]
In April 2021, Columbia Threadneedle acquired BMO's European asset management business for $845 million. The deal included F&C Asset Management.[5] The BMO funds were subsequently rebranded to the Columbia Threadneedle name.[6]
