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About Us

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. 

As a member of BMO Financial Group (NYSE, TSX: BMO), we’re part of one of the largest diversified financial services providers in North America with US$989 billion total assets and approximately 54,000 employees as of January 31, 2024. BMO Financial Group is the 8th largest bank in North America as measured by assets (Bloomberg, as of January 31, 2024). Learn more in our Annual Report.

We have approximately 2,700 professionals in 35 locations around the world, including 23 offices in North America. 

*BMO Capital Markets Q1 (adjusted) net income (US) for quarter ending January 31, 2024.

 

BMO Capital Markets Leadership

CEO & Group Head, BMO Capital Markets

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Leadership

Co-Head, Global Markets, BMO Capital Markets

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Co-Head Global Markets, BMO Capital Markets

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Interim Head, Investment and Corporate Banking

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Head, International

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Chief Operating Officer (COO)

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BMO Capital Markets - Corporate Leadership

Head, Human Resources

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Chief Financial Officer, BMO Capital Markets

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Chief Marketing Officer, B2B Marketing & Shared Services

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Chief Legal & Compliance Officer, BMO Capital Markets

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Head of Market Risk and CRO

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A long tradition of leadership

More than 200 years after becoming Canada’s first bank, we’re one of Canada’s pre-eminent financial institutions, with a significant presence in the United States and world markets.
From playing a pivotal role in Canada’s early history to becoming a leading full-service North American-based financial services provider, integrity and excellence remain our hallmarks.
See what we’ve accomplished as we continue to grow!
1817 – Canada’s first bank

Bank of Montreal opens its doors for the first time, providing Canada’s first sound and plentiful currency. Landmark activities include helping to finance the transcontinental railway and serving as Canada’s central bank until 1935.

image
Photograph of Montreal Main Office, c. 1912
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.

Nesbitt Thomson ad, c. 1960s
Nesbitt Thomson ad, c. 1960s
1945 - After World War II

After World War II, 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.

Montreal St Catherine and University Branch, men depositing coupons during the war, 1943.
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.

Cover for 1976 Annual Report of Burns Fry.
Cover for 1976 Annual Report of Burns Fry.
1987 - Nesbitt Thomson acquired

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

Brian Steck, President of Nebitt Thomson,  W.D. Mulholland, Chairman and CEO, Bank of Montreal, and J. Brian Aune, Chairman, Nesbitt Thomson, in October 1987 for the BMO Nesbitt Thomson merger.
Brian Steck, President of Nebitt Thomson, W.D. Mulholland, Chairman and CEO, Bank of Montreal, and J. Brian Aune, Chairman, Nesbitt Thomson, in October 1987 for the BMO Nesbitt Thomson merger.
1994 - Nesbitt Burns

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

Cover of Nesbitt Burn’s Annual Report, 1995.
Cover of Nesbitt Burn’s Annual Report, 1995.
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 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.

2006 - BMO Capital Markets

BMO Financial Group unifies its corporate, government and institutional businesses under the distinctive brand of BMO Capital Markets.

2016 - Greene Holcomb Fisher (GHF)

BMO acquires the Minneapolis-based boutique M&A advisory business of Greene Holcomb Fisher (GHF).

Over its more than 20-year history, GHF has built a reputation for providing hands-on merger and acquisition advice to family and entrepreneur owned companies, private equity groups and public companies in the United States – a complement to BMO Capital Markets' existing M&A practice.

2017 - Celebrating 200 years

In 1817, the Montreal Bank became Canada’s first bank, and went on to play a critical role in the building of a nation, its financial systems, and the prosperity of its people.

Explore some of the stories from the past 200 years that trace our growth and relationship with our customers.

In celebration of BMO’s bicentennial, Bill Downe, former BMO CEO rings the NYSE Opening Bell®.
In celebration of BMO’s bicentennial, Bill Downe, former BMO CEO rings the NYSE Opening Bell®.
2018 – KGS-Alpha Capital Markets

As part of our growth strategy, we acquire KGS-Alpha Capital Markets, a New York based fixed income broker-dealer specializing in U.S. mortgage-backed securities (MBS) and asset-backed securities (ABS) for institutional investors.

KGS-Alpha was rebranded under the BMO Capital Markets umbrella and integrated into our fixed income, currencies and commodities group.

The acquisition makes us a top tier broker-dealer in agency collateralized mortgage obligations (CMO’s), residential mortgage-backed securities (RMBS) and non-residential mortgage-backed securities.

Advertisement announcing that KGS-Alpha is now officially part of BMO Capital Markets.
Advertisement announcing that KGS-Alpha is now officially part of BMO Capital Markets.

image image

Bank of Montreal opens its doors for the first time, providing Canada’s first sound and plentiful currency. Landmark activities include helping to finance the transcontinental railway and serving as Canada’s central bank until 1935.


Nesbitt Thomson ad, c. 1960s Nesbitt Thomson ad, c. 1960s

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 World War II, 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.


Cover for 1976 Annual Report of Burns Fry. Cover for 1976 Annual Report of 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.


Brian Steck, President of Nebitt Thomson,  W.D. Mulholland, Chairman and CEO, Bank of Montreal, and J. Brian Aune, Chairman, Nesbitt Thomson, in October 1987 for the BMO Nesbitt Thomson merger. Brian Steck, President of Nebitt Thomson,  W.D. Mulholland, Chairman and CEO, Bank of Montreal, and J. Brian Aune, Chairman, Nesbitt Thomson, in October 1987 for the BMO Nesbitt Thomson merger.

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


Cover of Nesbitt Burn’s Annual Report, 1995. Cover of Nesbitt Burn’s Annual Report, 1995.

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


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.


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


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.


BMO Financial Group unifies its corporate, government and institutional businesses under the distinctive brand of BMO Capital Markets.


BMO acquires the Minneapolis-based boutique M&A advisory business of Greene Holcomb Fisher (GHF).

Over its more than 20-year history, GHF has built a reputation for providing hands-on merger and acquisition advice to family and entrepreneur owned companies, private equity groups and public companies in the United States – a complement to BMO Capital Markets' existing M&A practice.


In celebration of BMO’s bicentennial, Bill Downe, former BMO CEO rings the NYSE Opening Bell®. In celebration of BMO’s bicentennial, Bill Downe, former BMO CEO rings the NYSE Opening Bell®.

In 1817, the Montreal Bank became Canada’s first bank, and went on to play a critical role in the building of a nation, its financial systems, and the prosperity of its people.

Explore some of the stories from the past 200 years that trace our growth and relationship with our customers.


Advertisement announcing that KGS-Alpha is now officially part of BMO Capital Markets. Advertisement announcing that KGS-Alpha is now officially part of BMO Capital Markets.

As part of our growth strategy, we acquire KGS-Alpha Capital Markets, a New York based fixed income broker-dealer specializing in U.S. mortgage-backed securities (MBS) and asset-backed securities (ABS) for institutional investors.

KGS-Alpha was rebranded under the BMO Capital Markets umbrella and integrated into our fixed income, currencies and commodities group.

The acquisition makes us a top tier broker-dealer in agency collateralized mortgage obligations (CMO’s), residential mortgage-backed securities (RMBS) and non-residential mortgage-backed securities.

  • Best Metals & Mining Investment Bank (Global Finance, 2010-2024)
  • #1 Bank in North America on the 100 Most Sustainable Corporations in the World (Corporate Knights, 2020-2023)
  • Winner of the Environmental Social Bond of the Year and Green Bond of the Year (Environmental Finance’s 2023 Bond Awards)
  • Most Innovative in Capital Markets ETNs (Benzinga’s Global Fintech Awards, 2023)
  • #2 Fixed Income Strategy Team and US Rates Strategy (Institutional Investor, 2017-2023)
  • #2 for U.S. Rates Strategy (Institutional Investor, 2017-2023)
  • #1 Technical Analysis (Institutional Investor, 2017-2023)
  • #1 in Canadian Options Block Market Share (TSX, 2019-2023)
  • Ranked #2 U.S. Forecaster (Focus Economics Survey, 2023)
  • Ranked #3 Canada Forecaster (Focus Economics Survey, 2023)
  • #3 in US Agency CMO (US League Table, 2023)
  • Best Issuer Sales, Canada for Structured Products (Structured Products Intelligence, 2022-2023) 
  • Best Distribution Sales & Best Performance, Canada for Structured Products (Structured Retail Products, 2023)
  • Ranked #1 Canada Forecaster (Focus Economics Survey, 2022)
  • Ranked #2 U.S. Forecaster (Focus Economics Survey, 2022)
  • #1 in Canadian Options Block Market Share (TSX, 2019-2022)
  • #3 in US Agency CMO (US League Table, 2022)
  • Best Issuer for Structured Products (Structured Products Intelligence, 2022) 
  • Best Distribution & Best Performance, Canada for Structured Products (Structured Retail Products, 2022)
  • Best Sell Side Trading Desk (Markets Media Markets Choice Awards 2022) 
  • Best Bank for the Canadian Dollar (FX Markets (formerly FX Week), 2011-2021)
  • Ranked #1 for U.S. Rates Strategy and Technical Analysis (Institutional Investor, 2017-2021)
  • Best Agency Broker (Waters Technology – Waters Ranking 2021)
  • Ranked #2 Research covering US Institutional Trading in Canada (BWI Survey, 2021)

Conferences

Conferences

BMO Capital Markets hosts a variety of conferences each year that bring together institutional investors with corporate or government entities that need capital.


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Culture

Culture

At BMO Capital Markets, we are committed to fulfilling our responsibilities to our clients, our employees and the communities in which we operate. 


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Contact Us

Contact Us

For more information, connect with one of our dedicated team members.


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