BMO Capital Markets
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Subsidiary of Bank of Montreal | |
| Industry |
Investment Banking Financial Services |
| Predecessor |
Nesbitt, Thomson & Co. Burns Fry |
| Founded | 1987 (acquisition of Nesbitt Thomson) |
| Headquarters |
First Canadian Place Toronto, Ontario, Canada |
| Products |
Wholesale Banking Mergers and acquisitions Market making Commodity products Foreign exchange Prime brokerage Private equity Securitization Trade finance |
| Revenue |
 $3.724 billion CAD (2014)[1] |
| Parent | Bank of Montreal |
| Website | www.bmocm.com |
BMO Capital Markets is the investment banking subsidiary of Canadian Bank of Montreal. 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, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading.
History
1912 – Nesbitt Thomson
A.J. Nesbitt of Montreal and P.A. Thomson of Hamilton, Ontario establish Nesbitt Thomson, a firm that becomes a household name in Canada for its role in some of the world’s largest mining, resources, and hydroelectric power projects.
After World War II, Nesbitt Thomson expands its operations to include such diverse industry sectors as chemicals, salt, steel, ships, farm machinery, retail stores, and a transcontinental natural gas pipeline.
1976 – Burns Fry
Burns Fry is created from the merger of Burns Bros. and Denton, known for equity trading and underwriting capabilities, and Fry Mills Spence, known for strong debt trading and underwriting. These Toronto firms had been highly successful in the securities business since 1932 and 1925 respectively. The merger brings together a large capital base and a strong branch-office system.
1987 – Nesbitt Thomson acquired
Bank of Montreal acquires Nesbitt Thomson in the first of many broker/bank mergers in the Canadian financial services sector.
1994 – Nesbitt Burns formed
Nesbitt Thomson and Burns Fry merge to form Nesbitt Burns, which becomes one of the leading investment firms in the marketplace.
1999 – Harris Nesbitt
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 – BMO Nesbitt Burns
The “BMO” brand is added to the Nesbitt Burns name in order to link the firm’s corporate identity with BMO Financial Group.
2003 – Gerard Klauer Mattison
BMO Financial Group acquires 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.
2006 – BMO Capital Markets name adopted
BMO Capital Markets was launched in June 2006 when BMO Financial Group’s Canadian, U.S. and international wholesale banking capabilities were merged.[2]
2016 – Greene Holcomb Fisher
In June 2016, BMO Financial Group entered into a definitive agreement to acquire the business of Greene Holcomb Fisher ("GHF"), a boutique M&A advisory firm based in Minneapolis. Subject to regulatory approval, the transaction is expected to close in BMO Financial Group's fiscal 4th quarter.
Offices
Offices in Americas
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Offices in Asia-Pacific
Offices in EMEA
References
External links
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