News Releases
NEW YORK, January 16, 2009 – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), announced today that Lee Westerfield, Managing Director, has moved into a new role with the Business Services & Media Group to drive the firm's investment banking focus on broadcasting companies.
“We expect the broadcasting industry to go through a major restructuring, with a significant rebalancing of companies' businesses and balance sheets,” said Susan Wolford, Head of the BMO Capital Markets Business Services & Media Group. “Lee's in-depth industry knowledge, combined with the structuring product knowledge of our M&A group, including our recent hire David Sawyer, as head of our U.S. Restructuring Group, will help our media and financial sponsor clients capitalize on new and exciting opportunities.”
Mr. Westerfield, based in New York, brings deep knowledge to the BMO Capital Markets investment banking team gained from his 16 years of experience in media. For more than a decade, Lee has held senior equity analyst positions covering the media sector. Since 2004, Lee covered U.S. broadcasting, publishing and Internet media companies within BMO Capital Markets Equity Research. Previously, he held similar senior equity analyst roles at UBS and its predecessor PaineWebber. He has been named among the “Best on The Street” by The Wall Street Journal. Lee holds a BA from Yale University and an MBA from Columbia University.
About the BMO Capital Markets Business Services & Media Group
The BMO Capital Markets Business Services & Media Group has a dedicated team of more than 30 professionals offering clients a full array of financial products and services, including M&A advisory, public equity and debt underwriting, syndicated lending, and private placements. To learn more, visit: www.bmocm.com/industry/us/busservices.
About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial services provider, with over 2,400 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 US$345 billion total assets and 37,000 employees as at October 31, 2008.
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