Leadership in China
BMO ChinaCo Ltd.
China is an important market for BMO outside of North America. In October 2010, BMO officially opened its new incorporated subsidiary, Bank of Montreal (China) Co. Ltd. (BMO ChinaCo).
“Our presence in China is unmatched by our peers. We are here because of our customers.”
President and Chief Executive Officer,
Private Client Group
Chairman of the Board,
BMO ChinaCo (Ltd.)
BMO’s commitment to China spans much of its history. With local incorporation, BMO joins a limited number of foreign banks in offering a broad range of financial services to its customers. The new company gives us a clear advantage in growing our existing businesses and branch network. It gives us the flexibility to expand our product and service offerings for North American and Chinese clients – including the possibility of new initiatives in retail banking, wealth management and capital markets.
“There is tremendous potential for business between our countries and BMO’s China team is proud to be the bridge.”
Director and General Manager,
Beijing Branch, Bank of Montreal
National treatment will ensure BMO can grow at a faster pace as China embraces financial liberalization and regulatory reform.
BMO ChinaCo represents another milestone on a list of BMO firsts in Greater China, including:
- First and only Canadian bank as Co-Lead Manager of Bank of China’s US$11.2 billion IPO, and Co-Manager of IPOs by major Chinese banks including CMB, ICBC, CITIC Bank and ABC
- First Canadian bank to offer derivative services
- First and only Canadian bank chosen as market maker for FX trading in China
- First foreign bank permitted to invest in a Chinese mutual fund company
With branches in Beijing, Shanghai, Guangzhou and Hong Kong, as well as our investment banking representative office in Beijing, representative office in Taipei and ownership position in Fullgoal Fund Management, BMO’s presence in China is unmatched by its peers.
BMO was recognized by the Canada China Business Council with the 2010 Extraordinary Achievement Award, nominated by SunLife Financial and Agricultural Bank of China.