NEW YORK and TORONTO, Sept. 4, 2018 /CNW/ - BMO Financial Group today announced that it has completed the acquisition of KGS-Alpha Capital Markets (KGS), a New York-based fixed income broker-dealer specializing in U.S. mortgage (MBS) and asset-backed securities (ABS) in the institutional investor market.
BMO announced the acquisition on May 1, 2018. The transaction complements BMO Capital Markets' existing MBS trading business and immediately makes BMO a top-tier dealer in securitized products with special emphasis on agency-backed residential and commercial MBS products.
KGS has been rebranded as BMO Capital Markets.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate, institutional and government clients access to a complete range of products and services including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. With approximately 2,500 professionals in 30 locations around the world, including 16 offices in North America, BMO Capital Markets works proactively with clients to provide innovative and integrated financial solutions.
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 $765 billion total assets as at July 31, 2018.
SOURCE BMO Financial Group