BMO unifies private banking and full-service brokerage

By The IJ Staff | January 16 2019 01:30PM

BMO Financial Group has announced the creation of BMO Private Wealth Canada and Asia – unifying BMO Private Banking and full-service brokerage BMO Nesbitt Burns under one leadership team.

“Our goal is to be our clients’ trusted advisor for all financial decisions that impact their lives,” said Joanna Rotenberg, group head, BMO Wealth Management.  “We are staying ahead of clients’ evolving needs, and delivering best-in-class advice for high net-worth families – providing an integrated, team-based experience in a range of specialized areas."

Andrew Auerbach, currently head of BMO Nesbitt Burns, will lead BMO Private Wealth Canada and Asia. 

“Our BMO Private Banking and BMO Nesbitt Burns teams each have deep advisory expertise, and are driven by a focus on clients. Bringing the best of both teams’ capabilities will provide clients with even greater outcomes,” said Auerbach.

The BMO Private Banking and BMO Nesbitt Burns brands will continue to be used for clients. BMO’s Canadian Private Wealth business will also continue to build on its linkage with BMO’s Private Bank in Asia to support Asian clientele.

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