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BMO Harris Private Banking Relocates its Montreal Office

Quebec's affluent market expected to increase significantly by 2018



MONTREAL, QUEBEC--(Marketwire - April 16, 2012) - BMO Harris Private Banking today announced that it has relocated its downtown Montreal office to 1250 René Lévesque Ouest, 46th Floor. Occupying more than 28,000 square feet, the prestigious new office location is 50 percent larger than the former one; it follows BMO Harris Private Banking's rapid growth in greater Montreal in the past two years, during which its staff doubled in size.

"In our new office with its state-of-the-art design and technology, we've brought together a team of seasoned professionals whose diverse expertise and dynamism set them apart," said Yannick Archambault, Vice President and Managing Director, Quebec, BMO Harris Private Banking. "We are able to offer individuals and families a comprehensive range of wealth management strategies and solutions that cover the disciplines of banking, investment management, estate and trust, and wealth planning as well as philanthropic services and business transitioning."

Mr. Archambault noted that the affluent, high-net-value population in Quebec is expected to increase by about 65 percent between 2009 and 2018, and that BMO Harris Private Banking expects to grow its client base approximately 20 to 25 percent a year.

BMO's unique offer is based on a multi-disciplinary approach where each client is served by a private banker or a portfolio manager who acts as the primary relationship manager. These professionals are supported by a team of in-house experts in financial, tax and estate planning and business transfers. When needed, external experts and consultants are utilized to support client needs.

Mr. Archambault noted that this approach has made BMO Harris Private Banking a leader in wealth management among the country's affluent families. Recently, BMO Harris Private Banking was named the best private bank in Canada by Global Banking & Finance Review for the second consecutive year. BMO earned this recognition because of the following:

  • High-quality wealth management advice, strategies and solutions.
  • Engaging professionals with a broad range of expertise, who work effectively as a team and strive to provide clients with the best possible financial solutions on a continual basis.
  • A successful business model that emphasizes the importance of understanding and addressing the unique needs of each client.

About BMO Harris Private Banking

Backed by the heritage, stability and resources of BMO Financial Group, professionals at BMO Harris Private Banking are responsible for the successful management of wealth by providing expert advice and highly personalized services in banking, investment management, estate, trust, succession planning and philanthropic services - all in a coordinated and confident approach. With 34 offices across the country, including Montreal, Halifax, Toronto, Calgary and Vancouver, BMO Harris Private Banking serves clients in 11 languages.

For more information about BMO Harris Private Banking, please visit www.bmo.com/harrisprivatebanking.

Media relations:
Ronald Monet
514-877-1873
ronald.monet@bmo.com