TORONTO, ONTARIO and NEW YORK, NEW YORK and LONDON, UNITED KINGDOM--(Marketwired - Nov. 26, 2014) - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX:BMO)(NYSE:BMO), has been named the Best Bank for the Canadian Dollar by FX Week for the fourth year running.
"Receiving this award for a fourth consecutive year attests to BMO's FX strategy," said C.J. Gavsie, Head of Foreign Exchange, BMO Capital Markets. "This award highlights the FX team's hard work to provide clients with the right products and services amid evolving global markets."
Mr. Gavsie, also head of China Capital Markets, is co-chair of the Toronto Financial Services Alliance (TFSA) Renminbi (RMB) Working Group, which played an important role in supporting the announcement by Canada and China - earlier this month - to establish a Canadian Renminbi (RMB) hub.
BMO Capital Markets' Foreign Exchange Products group is comprised of a team of nearly 100 professionals operating in eleven cities: London, Toronto, Montreal, Chicago, Milwaukee, New York, San Francisco, Guangzhou, Shanghai, Beijing and Hong Kong.
"FX Week's Best Banks Award is the industry benchmark for quality of service and excellence," said Eva Szalay, Editor, FX Week. "BMO Capital Markets has yet again demonstrated that it is the market leader in the Canadian dollar, as voted by clients, including investors, corporates and banks."
The winners of the annual FX Week Best Bank Awards are determined by votes from foreign exchange professionals from around the world. In the 2014 survey, respondents from banks, corporate treasurers and investors - including fund managers, institutional investors and hedge funds - nominated banks, brokers and vendors in 35 categories.
The BMO FX group has received numerous awards for its leadership in foreign exchange.
Recent awards include:
- Best Forex, China 2014 and Best Forex Provider, China 2014, Global Banking and Finance Review
- Most Popular Market Makers in China 2014, Best Spot Market Maker 2014 and Outstanding Foreign Exchange Market Traders: Top 35 2014, China Foreign Exchange Trade System (CFETS)
- Greenwich Share Leader in Canadian Foreign Exchange Market Share 2014, Greenwich Associates
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider. With more than 2,300 employees operating in 29 locations, including 16 in North America, BMO Capital Markets offers 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:BMO)(TSX:BMO), one of the largest diversified financial services providers in North America with total assets of more than CDN $586 billion and approximately 47,000 employees at July 31, 2014.
Pav Jordan, Toronto
Martha McInnis, New York