HOME

TheInfoList



OR:

BMO Capital Markets is the investment banking subsidiary of Canadian
Bank of Montreal The Bank of Montreal (BMO; french: Banque de Montréal, link=no) is a Canadian multinational investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank; while its head office remains in ...
. The company offers corporate, institutional and government clients access to a range of financial services. These include equity and debt underwriting, corporate lending and
project financing Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of e ...
, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and
equity research Securities research is a discipline within the financial services industry. Securities research professionals are known most generally as "analysts", "research analysts", or "securities analysts"; all the foregoing terms are synonymous. Resea ...
and institutional sales and trading.


History


1912-1999 – Nesbitt Thomson

A.J. Nesbitt of Montreal and P.A. Thomson of Hamilton, Ontario established Nesbitt Thomson in 1912. After World War II, Nesbitt Thomson expanded its operations to include chemicals, salt, steel, ships, farm machinery, retail stores, and a transcontinental natural gas pipeline. Burns Fry is created from the merger of Burns Bros. and Denton and Fry Mills Spence in 1976. In 1987 Bank of Montreal acquires Nesbitt Thomson. In 1994 Nesbitt Thomson and Burns Fry merge to form Nesbitt Burns. In 1999 the merger of the corporate banking arm of Harris Bank, BMO Financial Group's Chicago-based subsidiary, and the U.S. investment banking capabilities of Nesbitt Burns, creates Harris Nesbitt. The new firm focuses on the middle market of the U.S. Midwest.


2000-2018 – BMO Nesbitt Burns

In 2000 the "BMO" brand was added to the Nesbitt Burns name in order to link the firm's corporate identity with BMO Financial Group. In 2003 BMO Financial Group acquired Gerard Klauer Mattison (GKM), providing Harris Nesbitt with a U.S.-based equity research and institutional sales and trading platform. GKM was founded in 1989 in New York as a boutique equity research and investment banking firm serving the institutional marketplace. In 2006 BMO Capital Markets was launched when BMO Financial Group's Canadian, U.S. and international wholesale banking capabilities were merged. In 2016 BMO Financial Group acquired the business of Greene Holcomb Fisher, a boutique M&A advisory firm based in Minneapolis.


2019 – SEC fines BMO Capital Markets

In August 2019 the US Securities and Exchange Commission fined BMO Capital Markets $3.9 million over its improper handling of “pre-released”
American Depositary Receipts An American depositary receipt (ADR, and sometimes spelled ''depository'') is a negotiable security that represents securities of a foreign company and allows that company's shares to trade in the U.S. financial markets. Shares of many non-U.S ...
(ADRs). According to the SEC, BMO Capital obtained pre-released ADRs when they should have known that the pre-release transactions were not backed by foreign shares, and improperly obtained pre-released ADRs indirectly from other broker-dealers. Sanjay Wadhwa, Senior Associate Director for Enforcement in the SEC's New York Regional Office said "The SEC continues to hold accountable parties that abused the ADR markets over an extended period of time. U.S. investors who invest in foreign companies through ADRs have a right to expect that market professionals aren't gaming the system.""SEC fines Cantor Fitzgerald, BMO Capital Markets for alleged abuse of ADR pre-release practices,"
Fox Business.


Offices


Americas

*
Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
*
Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most p ...
* Calgary * Chicago * Denver * Houston * Mexico City * Milwaukee * Minneapolis * Montreal *
New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * ...
* Rio de Janeiro * San Francisco * Seattle * Toronto * Vancouver *
Washington D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, N ...


Asia-Pacific

*
Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 2 ...
* Guangzhou * Hong Kong * Shanghai * Taipei * Singapore * Melbourne * Tokyo


EMEA

* Dublin * London * Paris


References


External links


BMO Capital Markets
{{Authority control
Capital Markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...
Banks established in 1987 Financial services companies established in 1987 Stock brokerages and investment banks of Canada