BMO Capital Markets Launches Global Treasury Management Services for Corporate Clients

    BMO one of the first in Canada to offer seamless banking services for
    companies doing business across North America and Europe

    TORONTO, Sept. 18 /CNW/ - BMO Capital Markets, the investment and
corporate banking arm of BMO Financial Group (TSX, NYSE:   BMO), announced today
it has launched a new suite of global treasury management services that will
make it easier for companies in Canada and the U.S. to conduct business around
the world from their home base.
    BMO Capital Markets introduced the new offering during the Treasury
Management Association of Canada's (TMAC) annual conference being held in
Vancouver this week.
    The global banking services are among the first of their kind to be
offered in Canada. A key feature is that clients will be able to manage cash
flow and all of their Canadian dollar, U.S. dollar and Euro payments and
receivables through a single BMO Capital Markets Relationship Manager,
eliminating the need to deal with separate financial institutions in each
country where they conduct business.
    "Our clients don't want to search for new partners or navigate new
banking environments as their businesses expands to new countries - they'd
rather deal with us, with relationship managers they already know and trust,"
said Marnie Kinsley, Executive Managing Director and Head of Global Treasury
Management, BMO Capital Markets. "By offering seamless global services, we can
deepen our relationships with our clients by helping them simplify the process
and save money at the same time."
    BMO Capital Markets is uniquely positioned to offer the global treasury
management services through a new arrangement with Deutsche Bank AG, the
world's number-one Euro clearer. Under this alliance, Deutsche will provide
and maintain European back-office treasury management support for BMO. For BMO
clients, this arrangement provides access to Deutsche's vast European network
and services.
    "What this means for our clients is that they can fulfill all of their
international treasury management needs through their existing relationship
with BMO. Whether clients need to manage funds within Europe, Canada or the
US, our global treasury management solutions make managing international cash
flow easy," Ms. Kinsley added.
    BMO Capital Markets will also offer its North American clients access to
seamless cross-border cash management services through its U.S. subsidiary
    While the initial launch focuses on services in Canada, the U.S. and
Europe, BMO Capital Markets' long-term plan is to offer the same capabilities
in markets such as Asia and India. "We can now compete on a level playing
field with the largest U.S. banks in Europe. We have made tremendous headway
developing our cross-border capabilities, and this is a great opportunity to
support our customers as they continue to grow internationally," said Susan
Witteveen, Executive Managing Director of BMO's Global Treasury Management
Group in Canada.
    "We're seeing tremendous changes in the market. There are a growing
number of businesses that intend to expand beyond their borders over the next
couple of years, and we anticipate that demand for these types of service will
only increase over time," Ms. Witteveen added.
    BMO's new global treasury management services include key disbursement
and concentration services such as:

    -   Wire payments
    -   Chequing services
    -   Small value, recurring electronic payments such as Automated Clearing
        House payments (ACH) and Electronic Funds Transfers (EFTs)
    -   Lockbox services (includes the collection of paper cheques from
        suppliers and invoice management)

    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 $359 billion in total assets and 35,000
employees as at July 31, 2007. For more information, visit

For further information:

For further information: Kim Hanson,, Toronto, (416)
867-3996; Ronald Monet, Montreal,, (514) 877-1101; Laurie
Grant, Vancouver,, (604) 665-7596

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