Profile: Bank of Montreal (BMO.TO)
Bank of Montreal (BMO Financial Group), incorporated in 1821, is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. It conducts business through three operating groups: Personal and Commercial Banking (P&C) consisting of Personal and Commercial Banking Canada (P&C Canada) and Personal and Commercial Banking U.S. (P&C U.S); Private Client Group (PCG), and BMO Capital Markets. As of October 31, 2012, the Company served more than seven million customers across Canada through its Canadian retail arm, BMO Bank of Montreal. It also serves customers through its wealth management businesses: BMO Nesbitt Burns, BMO InvestorLine, BMO Global Private Banking, BMO Global Asset Management and BMO Insurance.
BMO conducts business through three operating groups: Personal and Commercial Banking (P&C) consisting of P&C Canada and P&C U.S.; Private Client Group (PCG); and BMO Capital Markets. P&C Canada operates across Canada, offering banking, financing and investing solutions, as well as card and payment services. It operates predominately in the United States Midwest under the BMO Harris brand. P&C U.S. provides personal and business clients with banking, lending, investing and financial planning services. PCG, BMO’s wealth management business serves a range of client segments with offering of wealth management products and solutions, including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe. BMO Capital Markets provides capital raising, investing, advisory, treasury and research services to corporate, institutional, and government clients in Canada, the United States, South America, Europe, Asia and Australia. Its corporate services group, which includes technology and operations, provides risk management, information technology and other corporate services to the three operating groups. BMO Capital Markets provides a range of products and services to corporate, institutional and government clients.
Personal and Commercial Banking Canada
P&C Canada provides solutions for banking, financing, investing, credit cards and creditor insurance, as well as a range of commercial products and financial advisory services. The Company provide an integrated network of BMO Bank of Montreal branches, telephone banking, online and mobile banking and automated banking machines (ABM).
P&C United States offers a range of products and services to individuals and small and mid-sized business customers, including deposit and investment services, mortgages, consumer credit, business lending, credit cards and other banking services. Its commercial banking provides larger businesses with a range of banking products and services, including lending, deposits, treasury management and risk management.
Private Client Group (PCG)
PCG operates in both Canada and the United States, as well as in Asia and Europe. PCG’s full-service investing business, offers investment and wealth advisory services, leveraging strong financial planning capabilities, a range of internal and external relationships and high-quality products. BMO Insurance operates as BMO Life Insurance, which focuses on creditor insurance, and BMO Life Assurance, which concentrates on life insurance and annuity products and services.
BMO Capital Markets
The Company’s investment and corporate banking services include strategic advice and execution on mergers and acquisitions, restructurings and recapitalizations, as well as valuation and fairness opinions. It provide capital-raising services through debt and equity underwriting, as well as a full range of loan and debt products, balance sheet management solutions and treasury management services. In support of its clients’ international business activities, it offer trade finance and risk mitigation services. The Company also provides a range of banking and other operating services to North American and international financial institutions.
Bank of Montreal
1 First Canadian Place
100 King Street West
TORONTO ON M5X 1A1