The acquisition is slated to finalize in the fourth quarter, though financial terms of the transaction were not disclosed. While BMO integrates the capital-markets unit, Euroz Hartleys will retain its private-wealth business, which is set to enter a strategic alliance with the Canadian bank to preserve existing client connections.
In section Market Quotes
BMO Financial Group Expands Into Australian Capital Markets
Montreal-based BMO Financial Group has moved to bolster its international footprint by acquiring the Australian capital-markets division of Euroz Hartleys Group. The deal, which remains subject to shareholder approval, marks a significant push to capture mining and metals financing activity in a market that mirrors Canada’s own industrial profile.
Carrie Cook, head of investment and corporate banking at BMO Capital Markets, stated that the move creates a more connected platform by merging BMO’s global distribution reach with the firm’s established local presence in Australia. This synergy is intended to provide clients with broader access to capital and investment opportunities across both regions.
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