BMO Capital Markets
Encyclopedia
BMO Capital Markets is a North American financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 provider that offers corporate, institutional and government clients access to a complete range of products and services. These include equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, merchant banking, securitization
Securitization
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or Collateralized mortgage obligation , to...

, treasury management
Treasury management
Treasury management includes management of an enterprise's holdings, with the ultimate goal of maximizing the firm's liquidity and mitigating its operational, financial and reputational risk. Treasury Management includes a firm's collections, disbursements, concentration, investment and funding...

, market risk management, debt and equity research and institutional sales and trading
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...

.

1912 - Nesbitt Thomson

A.J. Nesbitt of Montreal and P.A. Thomson of Hamilton, Ontario establish Nesbitt Thomson, a firm that becomes a household name in Canada for its role in some of the world’s largest mining, resources, and hydroelectric power projects.

After WW2, Nesbitt Thomson expands its operations to include such diverse industry sectors as chemicals, salt, steel, ships, farm machinery, retail stores, and a transcontinental natural gas pipeline.


1976 – Burns Fry

Burns Fry is created from the merger of Burns Bros. and Denton, known for equity trading and underwriting capabilities, and Fry Mills Spence, known for strong debt trading and underwriting. These Toronto firms had been highly successful in the securities business since 1932 and 1925 respectively. The merger brings together a large capital base and a strong branch-office system.


1987 – Nesbitt Thomson acquired

Bank of Montreal acquires Nesbitt Thomson in the first of many broker/bank mergers in the Canadian financial services sector.


1994 – Nesbitt Burns

Nesbitt Thomson and Burns Fry merge to form Nesbitt Burns, which becomes one of the leading investment firms in the marketplace.


1999 – Harris Nesbitt

The merger of the corporate banking arm of Harris Bank, BMO Financial Group’s Chicago-based subsidiary, and the U.S. investment banking capabilities of Nesbitt Burns, creates Harris Nesbitt. The new firm focuses on the middle market of the U.S. Midwest.

2000 – BMO Nesbitt Burns

The “BMO” brand is added to the Nesbitt Burns name in order to link the firm’s corporate identity with BMO Financial Group.


2003 – Gerard Klauer Mattison (GKM)

BMO Financial Group acquires Gerard Klauer Mattison (GKM), providing Harris Nesbitt with a U.S.-based equity research and institutional sales and trading platform. GKM was founded in 1989 in New York as a boutique equity research and investment banking firm serving the institutional marketplace.

2008 - Griffin, Kubik, Stephens & Thompson, Inc. (GKST)

BMO Capital Markets acquires Chicago-based Griffin, Kubik, Stephens & Thompson (GKST), becoming the largest qualified municipal bond dealer in Illinois. GKST was founded in 1980 and focuses on municipal bonds, debt securities (including U.S. Treasury debt), agencies and mortgage-backed securities.

Offices in Americas

 United States Atlanta

 United States Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...



 Canada Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...



 United States Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...



 United States Denver

 United States Fort Lauderdale

 United States Houston

 United States Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...



 Mexico Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...


 United States Milwaukee

 Canada Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...



 United States New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...



 Brazil Rio de Janeiro
Rio de Janeiro
Rio de Janeiro , commonly referred to simply as Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil, and the third largest metropolitan area and agglomeration in South America, boasting approximately 6.3 million people within the city proper, making it the 6th...



 United States San Francisco

 United States Seattle

 Canada Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...



 Canada Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...



 United States Washington D.C.


Offices in Asia-Pacific

 Mainland China Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...



 Mainland China Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...



 Hong Kong Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...



 Australia Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...



 India Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...



 Mainland China Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...



 Republic of China Taipei
Taipei
Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...




Offices in Europe and the Middle East

 United Arab Emirates Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...



 Republic of Ireland Dublin

 United Kingdom London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...



 Early Modern France Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...



 Switzerland Zurich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...




External links

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