TORONTO and NEW YORK, Sept. 19 /CNW/ - BMO Capital Markets announced
today it will donate CDN $1.7 million (US$1.6 million) to nine charities
across North America through the firm's Equity Through Education charitable
Commissions earned on all institutional equity trades executed by BMO
Capital Markets in Canada and the U.S on September 17 helped generate a total
of $1.7 million.
"In the current market environment, this represents a truly heroic
effort, and I want to congratulate our Equity Products team - and our
clients - for demonstrating the commitment, dedication and leadership that are
required to make this program such a success," said Eric Tripp, President, BMO
Capital Markets. "The funds raised through Equity Through Education will make
a real difference in the lives of hundreds of bright and talented youth who
have educational ambitions but limited opportunities to realize them."
Nine North American organizations who promote education will share in the
day's trading day commissions: Canadian Merit Scholarship Foundation (CMSF);
the Foundation for the Advancement of Aboriginal Youth (FAAY); the National
Educational Association of Disabled Students (NEADS); The National Aboriginal
Achievement Foundation (NAAF); Pathways Canada; Youth in Motion's Top 20 under
20 Program, the Jackie Robinson Foundation; YAI/National Institute for People
with Disabilities Network; and the Financial Women's Association.
Since the launch of the program in 2005, Equity Through Education has
raised more than CDN$6.6 million / US$5.8 million to support education and
diversity. More than 1,500 individuals have benefited from the program through
scholarships, bursaries, mentoring programs and job search strategy forums.
BMO Capital Markets, through its parent, BMO Financial Group, has a proud
tradition of supporting community reinvestment and corporate and social
responsibility to the communities it serves. In 2007, BMO Financial Group
contributed $50.4 million in donations, sponsorships and events in Canada and
the United States to support charities, not-for profit organizations and
programs in communities across Canada and the United States.
About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial
services provider, with over 2,400 employees operating in 14 North American
offices and 26 worldwide, offering corporate, institutional and government
clients access to a complete range of investment and corporate banking
products and services. BMO Capital Markets is a member of BMO Financial Group
(NYSE, TSX: BMO), one of the largest diversified financial services providers
in North America with US$375 billion total assets and more than 37,000
employees as at July 31, 2008.
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