TORONTO, NEW YORK and LONDON, Nov. 29, 2017 /CNW/ - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE,TSX: BMO), has been named Best Bank for the Canadian Dollar for the seventh consecutive year by FX Week.
Simon Watkins, Head of Foreign Exchange Europe, BMO Capital Markets, attributes a large part of BMO's success in the Canadian dollar FX market to keeping clients at the forefront. "We may be adding products or extra currency ability, but the way we interact with our clients stays the same - people know what they are going to get from us," he said.
The winners of the annual FX Week Best Bank Awards are determined by votes from foreign exchange professionals from around the world. In the 2017 survey, respondents from banks, corporate treasurers and investors – including fund managers, institutional investors and hedge funds – voted for banks, brokers and vendors in 38 categories.
"Consistency is one of the hardest attributes to maintain, but being voted the winner of the Best Bank for the Canadian dollar category for the seventh year running at the 2017 FX Week Best Banks Awards proves BMO Capital Markets' commitment to providing clients with a reliable and top-class service," said Eva Szalay, Editor, FX Week. "The bank has yet again demonstrated that the right strategy and a keen focus on clients are key ingredients of its success. BMO Capital Markets remains the market leader in the Canadian dollar, as voted by clients – including investors, corporates and banks."
BMO Capital Markets Foreign Exchange Products group, part of the BMO Fixed Income, Currencies and Commodities (BMO FICC) group, is comprised of a team of nearly 100 professionals operating in eleven cities: London, Toronto, Montreal, Chicago, Milwaukee, New York, San Francisco, Guangzhou, Shanghai, Beijing and Hong Kong.
The BMO FICC group has received numerous awards for its market leadership. Recent recognitions include:
Top-tier coverage team 2017 achievements:
- Ranked #1 (tied) as a 2017 Greenwich Quality Leader in Overall Canadian Fixed Income, Canadian Fixed Income Sales and Canadian Fixed Income Research by Greenwich Associates
- Ranked #3 (tied) as a 2017 Greenwich Share Leader for Overall Canadian Fixed Income Market Share by Greenwich Associates
International markets – 2017 achievements:
- Recognized (BMO China) for having the Best Standardized FX Instrument, Best Non-USD Market Making and Canadian Dollar Market Making by the China Foreign Exchange Trade System (CFETS)
- Named Best Forex Provider in North America for the seventh consecutive year by Global Banking and Finance Review
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $709 billion as of July 31, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group