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BMO Financial Group Announces Unified BMO Private Wealth Canada and Asia

BMO Private Banking and BMO Nesbitt Burns to unify under integrated leadership to deliver leading Wealth Management experience for clients

TORONTO, Jan. 15, 2019 /CNW/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the creation of BMO Private Wealth Canada and Asia – unifying two strong businesses, BMO Private Banking and full-service brokerage BMO Nesbitt Burns, under one leadership team.

"Our goal is to be our clients' trusted advisor for all financial decisions that impact their lives," said Joanna Rotenberg, Group Head, BMO Wealth Management.  "We are staying ahead of clients' evolving needs, and delivering best in class advice for high-net-worth families – providing an integrated, team-based experience in a range of specialized areas."

Andrew Auerbach, currently head of BMO Nesbitt Burns, will lead BMO Private Wealth Canada and Asia.  "Andrew is one of BMO's most respected senior client leaders, with a proven track record in wealth management and personal and business banking," said Ms. Rotenberg. 

"Our BMO Private Banking and BMO Nesbitt Burns teams each have deep advisory expertise, and are driven by a focus on clients. Bringing the best of both teams' capabilities will provide clients with even greater outcomes," said Mr. Auerbach.  

The BMO Private Banking and BMO Nesbitt Burns brands will continue to be used for clients. BMO Private Banking was named Best Private Bank in 2018 by Global Finance and Best Private Bank eight years in a row by World Finance Private Bank; BMO Nesbitt Burns has received industry wide recognition for its full-service brokerage capabilities.

BMO's Canadian Private Wealth business will also continue to build on its linkage with BMO's Private Bank in Asia, to support Asian clientele.

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $774 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

For further information: Media Contact: Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996

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