News Releases

TORONTO, ONTARIO and CHICAGO, ILLINOIS--(Marketwire - Dec. 7, 2011) - HIM Monegy, Inc. (Monegy^®), a boutique high yield fixed income investment manager and member of BMO Global Asset Management, today announced the hiring of two individuals as it continues to strengthen its team of financial professionals.

Rory Buchalter has been appointed Director and Senior Credit Analyst; and Bobby Missar has joined Monegy as an Analyst. Both will be based in Toronto.

"We're delighted to have Rory and Bobby join our team," said Sadhana Valia, President of Monegy. "In concert with the growth of our business, we continue to add depth and breadth to the team, ensuring we remain well positioned to meet our clients' investment objectives while providing exceptional client service."

Mr. Buchalter has 19 years of experience in corporate and financial markets, including a strong credit background across the risk and industry spectrum. He brings considerable high yield experience in both North American and European markets. Most recently, he led the global credit efforts of a specialist investment management firm, focusing on issuer credit risk analysis as well as the analysis and valuation of distressed structured finance transactions. Previously, Mr. Buchalter held a senior role at a large rating agency for six years, which included coverage of the Telecommunications sector. He holds an Honours Bachelor of Commerce degree from McMaster University and received his CFA Charter in 1999.

Mr. Missar comes to Monegy from Bank of Montreal's Private Client Group. He will play an important role in supporting the firm's investment team and in servicing its global client base.

About Monegy®

Monegy^® is an indirect subsidiary of Bank of Montreal and a member of BMO Global Asset Management, a global asset management firm with assets of over US$100 billion as of October 31, 2011. Monegy is a boutique fixed income investment management firm specializing in managing credit risk assets, including high yield corporate bonds and bank loans. Monegy professionals have been dedicated managers of high yield assets for more than 12 years and have extensive experience managing portfolios through credit cycles and across markets. Over this period they have succeeded in delivering above market returns with considerably lower than market volatility.