BMO Capital Markets Expands U.S. Fixed Income Capabilities with Hiring of Municipal Bond Sales and Trading Team

    BMO hires 5 former LaSalle sales and trading professionals in Chicago

    CHICAGO, Feb. 21 /CNW/ - BMO Capital Markets, the investment and
corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), has
significantly strengthened its U.S. fixed income business with the hiring of
five municipal bond sales and trading professionals.
    Formerly with LaSalle Financial Services, the group will be based in
Chicago and will be responsible for selling municipal bonds to a wide range of
BMO's institutional and corporate clients across the U.S.
    "We have added an extremely experienced team that will further enhance
BMO's existing fixed income and municipal bond capabilities. It has been our
intention to strengthen and grow this business. We are thrilled that our
clients will now have the benefit of a 20-person stronghold team that will
provide highly regarded service and advice for those seeking exposure to this
part of the market," said Charlie Piermarini, Executive Managing Director and
Head of Debt Products & Securitization, BMO Capital Markets.

    Members of the new team include:

    -   Richard Bodkin joins BMO Capital Markets as a Director and Sales
        Manager. He has 28 years of fixed income trading and sales
        experience, including three years with LaSalle Financial Services and
        13 years with Bank One Capital Markets.

    -   Randall Laible who has 17 years experience in municipal bond sales,
        including seven with LaSalle Financial Services. Randy joins BMO
        Capital Markets as a Director.

    -   Charles Montgomery joins BMO Capital Markets as a Director with
        14 years experience in municipal bond sales, 10 with LaSalle
        Financial Services.

    -   Edward Murphy, has been appointed Director, BMO Capital Markets. He
        has 20 years of experience as a municipal bond trader, including
        10 years with LaSalle Financial Services.

    -   John Zubak joins BMO Capital Markets as a Director with 13 years of
        sales and trading experience, including eight with LaSalle Financial

    BMO Capital Markets is one of the largest investment banking employers in
Chicago. Over the last two years, BMO Capital Markets and its Chicago-based
financial services affiliate, Harris, have been steadily adding professionals
to strengthen its ability to serve customers and clients across the Midwest
and nationally.
    Harris announced last month that it expanded its business banking team by
appointing five professionals to the Commercial Middle Market Group in
    BMO Capital Markets has also significantly grown its investment and
corporate banking group with the addition of senior professionals in its New
York and Chicago offices. BMO previously hired in Chicago: Michael Scolaro as
Head of the firm's U.S. Asset Based Lending Group; Scott Humphrey as Head of
U.S. M&A; and Paul Hawkinson as Head of the Commercial & Industrial Group.

    About BMO Capital Markets

    BMO Capital Markets is a leading full-service North American financial
services provider, with over 2,000 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 more than US$388 billion total assets and more than
35,000 employees as at October 31, 2007.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
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    members of the media/

For further information:

For further information: Media Contacts: Kim Hanson, Toronto,, (416) 867-3996; Amy Yuhn, Chicago,, (312) 416-2478; Kevin Windorf, New York,, (212) 885-4111; Internet:

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