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BMO Capital Markets Appoints Head of Commercial & Industrial Group, Continuing U.S. Expansion

BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO) has appointed Paul A. Hawkinson as Managing Director and Head of the firm's Commercial & Industrial Group, a growing and dynamic sector.

Based in Chicago, Hawkinson will be responsible for providing strategic advisory services and financing solutions for a wide range of commercial and industrial companies that specialize in everything from transportation and packaging to capital goods, diversified products and basic materials.

“Paul brings over 10 years of sector expertise delivering thoughtful, multi-faceted investment banking coverage to industrial corporate and private equity clients,” said Dominic Petito, Co-Head, U.S. Investment & Corporate Banking, BMO Capital Markets in New York.

“Paul's industry knowledge will provide our clients with a competitive advantage. He joins a growing number of seasoned investment bankers who as a team are effectively identifying and executing on the multiple needs of our clients,” said David Casper, Co-Head, U.S. Investment & Corporate Banking, BMO Capital Markets in Chicago.

Hawkinson was most recently with Banc of America Securities, LLC where since 2005 he held the position of Managing Director of the Global Industries Group. Prior to that, he spent nine years at Deutsche Bank Securities and its predecessor firms BT Alex Brown and BT Securities Corporation, where he was Director, Global Industrial Group with responsibility for the development of the automotive sector. From 1992 to 1995, Hawkinson was a Senior Audit Professional with Deloitte & Touche where he delivered audit services to clients in the capital markets arena such as the Chicago Stock Exchange. Hawkinson holds an MBA in Finance from the J.L. Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science in Accounting from North Park College in Chicago.

The appointment of Hawkinson represents the 13th senior investment banker BMO Capital Markets has hired in the United States since last November, building upon the firm's goal to accelerate growth across North America. Most recently the firm hired Adele Morrissette as Managing Director for the Business Services Group and separately, Thomas Dale as Managing Director of the firm's U.S. Leveraged Finance Group. Both are based in New York.

About BMO Capital Markets' Commercial & Industrial Group
BMO Capital Markets' Commercial & Industrial Group has a dedicated team of 33 professionals that provide industry expertise and product ideas to mid-sized commercial and industrial companies. The group's practice is centered on seven specialized sub-sectors: Capital goods, packaging, transportation, other commercial products, chemicals, plastics and basic materials. To learn more about BMO Capital Markets' Commercial & Industrial Group, visit: http://www.bmocm.com/industry/us/commercial/default.aspx.

About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial services provider, with over 2,000 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with more than $357 billion in total assets and 35,000 employees as of April 30, 2007. For more information, visit www.bmocm.com.

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Paul A. Hawkinson

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