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BMO Capital Markets Makes Key Hire in Leveraged FinanceSenior Investment Banker Eric Luftig joins New York City Office

NEW YORK, April 13, 2009 – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, announced today that it has hired senior investment banker Eric Luftig as Managing Director in its Leveraged Finance group. Mr. Luftig will be based in the firm's New York City office and is responsible for debt and equity private placements.

“Eric's experience in private placements, including 20 years of solid deals, complements our team's overall mandate as we look to broaden our lead role participation in the leveraged financing arena. We are very pleased to have Eric join our team,“ said Jim Moglia, Executive Managing Director and Co-Head of the BMO Capital Markets Leveraged Finance group.

Mr. Luftig's investment banking experience over the last two decades includes senior roles at GE Capital Markets and CIBC World Markets in the field of private finance. He holds both an MBA and an undergraduate degree from The Wharton School at the University of Pennsylvania.

The Leveraged Finance group consolidates BMO's leveraged loan and high yield bond expertise to ensure that clients are efficiently provided with comprehensive market-relevant debt solutions. Working closely with our Financial Sponsors and Debt Capital Markets teams, the Leveraged Finance group has the depth and breadth of experience to originate both publicly and privately offered debt securities for corporate and government issuers.

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$361 billion total assets and 37,000 employees as at January 31, 2009.

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