BMO Harris Private Banking Appoints New Advisors to its International Equity Portfolio



    TORONTO, Jan. 23 /CNW/ - BMO Harris Investment Management Inc., the
investment management arm of BMO Harris Private Banking, announced today that
it is in negotiations to have three firms share the sub-advisory
responsibilities for the BMO Harris International Equity Portfolio. It is
anticipated that McKinley Capital Management, Inc., Thornburg Investment
Management, Inc., and Pyrford International plc will replace The Boston
Company Asset Management as sub-advisor to the Portfolio effective on or about
February 1, 2008.
    "With our expectations for non-North American equities to continue to
perform well, we plan to allocate a larger portion of our client's assets to
those markets," said Paul Taylor, Chief Investment Officer for BMO Harris
Private Banking. "As a result, we want to diversify our International Equity
Portfolio's strategy across three sub-advisors, each with a distinct
investment style and approach."
    The Portfolio's investment objective is to provide long term capital
appreciation by investing in a diversified portfolio of equity securities of
issuers throughout the world, outside Canada and the United States.
    McKinley Capital Management, Inc. is a global growth specialist founded
in 1990. Based out of Anchorage, Alaska, the firm manages over US$15 billion
in assets. McKinley Capital follows a disciplined, systematic approach across
all of their product strategies. As a bottom-up growth manager, the firm uses
both a quantitative screening process and a qualitative overview to construct
and manage equity portfolios.
    Pyrford International plc is an international equity specialist based in
London, England. It has consistently applied a fundamental value investment
process, both top-down and bottom-up, since it was founded in 1987. It has
approximately US$3 billion of assets under management and provides investment
management services to a wide range of global clients such as corporate and
government pension funds, charities, endowments, foundations and
high-net-worth individuals. Pyrford is a wholly-owned subsidiary of BMO
Financial Group.
    Thornburg Investment Management, Inc., established in 1982, is an
employee-owned investment management company. Based in Santa Fe, New Mexico,
the firm manages more than US$50 billion in assets. Thornburg's philosophy to
building equity portfolios is based on a process that looks to buy companies
with sound fundamentals at a discount to intrinsic value.

    About BMO Harris Private Banking

    BMO Harris Private Banking serves the needs of high net worth clients and
their families and helps them deal with a wide range of complex financial
issues, providing comprehensive wealth management expertise. The bank's team
of professionals is comprised of leading specialists in a variety of
disciplines including banking, investment management, estate, trust and
various family office services such as philanthropic and business succession
planning.
    BMO Harris Private Banking is part of BMO Financial Group's Private
Client Group. The Private Client Group provides integrated wealth management
services in Canada and the United States and had total assets under
administration and term investments of $275 billion as at October 31, 2007.





For further information:

For further information: JoAnne Hayes, Toronto, joanne.hayes@bmo.com,
(416) 867-3996; Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-1101; Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596;
Internet: www.bmoharrisprivatebanking.com


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