News Releases

CHICAGO, December 7, 2010 – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), today announced the appointment of Brendan Shanahan and Mitch Yashiro as directors on the Chicago sales trading desk, reporting to Scott Graham, Head of BMO's U.S. Government Bond Trading.

Mr. Shanahan joins the U.S. Agency trading desk, responsible for trading government sponsored enterprises (GSE) debt. Mr. Yashiro joins the U.S. Treasury trading desk, responsible for trading the intermediate sector of the U.S. Treasury market.

Over the past year, BMO Capital Markets has significantly expanded its presence in the U.S. “We are extremely excited about the quality of talent we attract and the experience they bring. With the addition of Mr. Shanahan and Mr. Yashiro, we continue to build aggressively on a world-class global money market sales and trading business in the U.S. Mr. Yashiro will complement BMO's already strong Relative-Value approach to the markets,” said Scott Graham.

About BMO Capital Markets

BMO Capital Markets is a leading, full-service North American financial services provider, with more than 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 US$386 billion total assets and 38,000 employees as at July 31, 2010.

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