BMO Private Client Group : Company Profile and SWOT Analysis by WealthInsightReports

VIEWS: 10 PAGES: 16

									BMO Private Client Group

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BMO Private Client Group                                                         Key Employees
                                                                                 Name                     Job Title
Fast Facts
                                                                                                          Senior Vice President,
Headquarters Address                 1 First Canadian Place, Toronto, , Canada   Andrew Auerbach          Head - Private Banking,
                                                                                                          Canada
Telephone                            + 1 416 3594000                                                      None - Co-Chief Executive
                                                                                 Barry McInerney          Officer - BMO Global
Fax                                  N/A                                                                  Asset Management
                                                                                                          None - Co-Head - Private
Website                              N/A
                                                                                 Charyl Galpin            Client Division, BMO
                                                                                                          Nesbitt Burns
                                                                                                          Senior Vice President -
Ticker Symbol, Stock Exchange        N/A
                                                                                                          North American Customer
                                                                                 Connie Stefankiewicz
                                                                                                          Contact Centres, BMO
Number of Employees                  6,117                                                                Financial Group
                                                                                                          Chief Operating Officer -
Fiscal Year End                      October                                     Frank Techar
                                                                                                          BMO Financial Group
                                                                                                          Chief Executive Officer,
Revenue (in US$ million)             3,455.00                                    Gilles Ouellette
                                                                                                          President
                                                                                                          Chairperson - BMO
                                                                                 J. Robert S. Prichard
                                                                                                          Financial Group
                                                                                                          Chief Marketing Officer -
                                                                                 Joanna Rotenberg         BMO Financial Group,
                                                                                                          Head - Strategy
SWOT Analysis                                                                                             Vice Chairperson - BMO
                                                                                 Kevin G. Lynch
                                                                                                          Financial Group
Strengths                            Weaknesses                                                           None - Co-Head - Private
                                                                                 Richard Mills            Client Division, BMO
Brand Recognition and Market                                                                              Nesbitt Burns
                                     Fee-based Business Model
Presence

Decreasing efficiency ratio          Legal Actions                               Company Overview

Increase in net income                                                           BMO Private Client Group, the wealth
                                                                                 management and private banking arm of the
Integrated service offering                                                      Bank of Montreal Group, offers a broad range of
                                                                                 wealth management products to high-net-worth
Opportunities                        Threats                                     (HNWIs are those net worth, excluding primary
                                                                                 residence, stands at US$1 million and above)
Footprints in Asia-Pacific           Strong competition                          and ultra-high-net-worth clients. It offers its
                                                                                 wealth management and private banking
Foreign Account Tax Compliance Act                                               services through BMO Nesbitt Burns, BMO
                                     US Regulations on Foreign Banks
in the US                                                                        InvestorLine, BMO Global Private Banking, BMO
                                                                                 Global Asset Management, and BMO Insurance.
                                     Weak Global Economy                         Services offered by the bank include investment
                                                                                 advisory, discretionary and non-discretionary
                                                                                 asset      management      services,    portfolio
                                                                                 construction and monitoring services, insurance
                                                                                 and annuity products, private banking services,
                                                                                 trust and fiduciary and estate planning and
                                                                                 family office services..

                                                                                 Key Competitors
                                                                                 BNY Mellon Wealth Management (Ticker: BK)

                                                                                 CIBC Private Wealth Management

                                                                                 Citigroup Private Bank

                                                                                 RBC Wealth Management (Ticker: RY)

                                                                                 Scotiabank Private Banking




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BMO Private Client Group - SWOT Profile                                                                               Page 1
BMO Private Client Group

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TABLE OF CONTENTS

1     Business Analysis .............................................................................................................................. 4
    1.1      Company Overview ......................................................................................................................................... 4
    1.2      Business Description ....................................................................................................................................... 5
    1.3     
								
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