News Releases

TORONTO, March 14, 2011 – Terry Wellesley, Executive Managing Director of BMO Spend & Payment Solutions, a division of BMO Financial Group (NYSE, TSX: BMO), has been named a Supply Chain “Pro to Know” by Supply & Demand Chain Executive magazine, for the second time.

Wellesley is cited for his leadership and commitment to helping organizations manage the financial supply chain as the essential backbone for enterprise-wide visibility into corporate spend. Throughout his career, Wellesley has brought innovative payment solutions to market that enable organizations to collaborate with partners, negotiate better terms, improve discounts and service-level agreements, and drive improved service and quality.

In 2010, Wellesley played a key role in BMO's acquisition of the Diners Club North American franchise to round out the bank's already comprehensive corporate card and electronic payment offerings with a best-in-class travel and entertainment (T&E) program.

“The legacy of the recent recession is that organizations are looking for a way to take control of spending, and it all starts with visibility. Getting a complete picture of corporate-wide spend requires a mix of payment solutions,” said Wellesley. “That's our mission at BMO: To bring clarity and transparency to business decisions through the financial supply chain.”

Wellesley joins a list of individuals, solution provider organizations, and consultancies who have helped their clients and the supply chain community at large prepare to meet the significant challenges in the year ahead.

The full listing of the 2011 Pros to Know is available in the February/March 2011 issue of Supply & Demand Chain Executive magazine and in e-book beginning in March at SDCExec.com/2011Prostoknow.

About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at: www.SDCExec.com.

About BMO Spend & Payment Solutions
A division of BMO Financial Group, BMO Spend & Payment Solutions is a leading commercial card and payment solutions provider in North America. BMO Spend & Payment Solutions' products are widely used by corporations, non-profit and government-sector organizations to manage, control and gain better visibility into their commercial spending and payments..

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Company Contact:

Ralph Marranca, BMO Financial Group, Ralph.Marranca@bmo.com, (416) 867-3996

Media Contact

Dan Carlson, Corporate Ink, dcarlson@corporateink.com, (617)969-9192