Strategic Synergy: Building a Legacy Brand
Deland Kamanga, BMO’s group head of wealth management, said the acquisition reflects a shared vision of client-first financial stewardship.
“Burgundy is one of Canada’s most respected independent investment managers, known for its high-calibre team, rigorous investment process and commitment to private clients and institutions,” Kamanga said. “This acquisition builds on BMO’s legacy as a trusted wealth advisor.”
Once the deal is finalized, Burgundy will function as part of BMO Wealth Management, enhancing the bank’s existing services and helping scale its presence in the fiercely competitive Canadian advisory market.
Leadership Continuity: Burgundy’s Legacy Lives On
Despite being acquired, Burgundy will retain its leadership DNA. CEO Robert Sankey will continue to lead operations post-closing, while co-founders Tony Arrell and Richard Rooney will also stay on board—preserving the boutique firm’s culture and vision.
“It has always been our goal to build Burgundy for the long haul,” Arrell said. “Joining BMO allows us to honor that legacy and extend our ability to serve clients across generations.”
