BMO Announces Agreement to Purchase Group Retirement Recordkeeping Business of Integra Capital Management Corporation

    TORONTO, June 11 /CNW/ - Bank of Montreal today announced a definitive
agreement to purchase the recordkeeping business of Integra GRS, a wholly
owned subsidiary of Integra Capital Management Corporation. The business,
which provides recordkeeping and administrative services for capital
accumulation plans, now will be backed by BMO's strength, commitment and full
suite of retail investment products. The deal is expected to close in the
    "This acquisition is an extension of our existing wealth management
offering," said Ed Legzdins, Senior Vice-President, Retail Investments,
Private Client Group and Managing Director, International, BMO Capital
Markets. "Complementing Integra's full selection of funds with BMO's retail
investment products gives us the opportunity to develop a group retirement
services platform and offer a suite of products through the institutional
pension market. We look forward to welcoming the Integra GRS team, their
clients and plan members to the BMO family."
    Joan Johannson, President and Managing Director of Integra GRS, said,
"Our management team and employees are very excited about joining one of
Canada's premier financial services companies. We look forward to expanding
our services for our clients and their plan members who will be reassured to
know that it is business as usual with the same team in place, dedicated to
service excellence."

    About Integra GRS

    Integra has been in the recordkeeping business since 1988 and Integra GRS
was incorporated as a separate company in 2006. Integra GRS is a full service
provider in the group retirement services industry providing an open
architecture system with a broad array of investment options, a trust based
business model with its inherent governance advantages, a governance program
for plan sponsors under the trade mark "Governex" and a full array of
educational and investment-decision support programs and tools under the trade
mark "LifeGARD".

    About BMO Financial Group

    BMO Financial Group is a highly diversified North American financial
services organization providing a broad range of retail banking, wealth
management and investment banking products and solutions. Through its Private
Client Group, BMO provides integrated wealth management services in Canada and
the United States. As at April 30, 2009, BMO's Private Client Group had total
assets under management and administration and term investments of $273

For further information:

For further information: For News Media Enquiries: Ralph Marranca,
Toronto,, (416) 867-3996; Ronald Monet, Montreal,, (514) 877-1873; For Investor Relations Enquiries: Viki
Lazaris, Toronto,, (416) 867-6656; Steven Bonin, Toronto,, (416) 867-5452; Internet:

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