| BMO
Capital Markets Named the 2009 Best Bank for the Canadian Dollar
by FX Week Magazine TORONTO, November 20, 2009 – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), has been named the Best Bank for the Canadian Dollar by FX Week Magazine. This is the first time BMO Capital Markets has received this honour, which is determined by votes from foreign exchange market professionals around the world. The FX Week Best Bank Awards are presented annually in London, U.K. during November. “As the benchmark for the performance in the global FX industry, the FX Week Best Bank Awards are the most accurate indicator of who is leading the forex marketplace,” said Stephen Couling, Publisher, FX Week. “And there is no question BMO Capital Markets has earned the No. 1 ranking in the Canadian dollar as judged by some of the largest and most influential FX participants.” In this year’s survey, nearly 7,000 respondents from banks, corporate treasurers and investors, including fund managers, institutional investors and hedge funds, nominated their preferred banks, brokers and vendors in 39 categories. Each institution was awarded three points for a first-place nomination, two for second-place and one for third-place. In the Canadian dollar category, BMO Capital Markets was ranked first by banks and investors and second by corporations – which resulted in a first-place finish overall. This recognition is one of several awards that BMO Capital Markets has recently won for its overall excellence in foreign exchange. In September, BMO Capital Markets was named the best foreign exchange bank in Canada by European CEO Magazine. Earlier this year, BMO Capital Markets was voted best FX market-maker in a survey by the China Foreign Exchange Trade System (CFETS) and the Interbank Funding Centre. Global Finance Magazine also named BMO Capital Markets the Best Investment Bank in Canada in a 2008 survey. “We are honoured to be recognized by FX Week as the No. 1 dealer for the Canadian dollar globally,” said Jamie Thorsen, Global Head of Foreign Exchange Products, BMO Capital Markets. “Our goal is to continue to build long-term sustainable client relationships and provide a unique perspective that offers a differentiated depth of expertise in the Canadian dollar. We are all about helping our clients turn currency risk into reward.” BMO Capital Markets’ Foreign Exchange Group is a team of nearly 100 professionals around the world from Beijing to Chicago. BMO has FX offices in eight cities globally, including a foreign exchange sales and trading desk in London, U.K., which opened in 2007. The FX group holds a dominant position in the Canadian-dollar foreign exchange market and is top-ranked by large hedge funds and pension funds for institutional liquidity and pricing capacity. BMO’s Foreign Exchange Group trades in all major and other exotic currencies – close to 50 tradable currencies and exotics and over 100 currency pairs. The group offers clients a wide range of capabilities, including:
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