BMO Financial Group

BMO Financial Group
BMO Capital Markets

BMO Capital Markets

October 07, 2010 10:31 ET

BMO Capital Markets Equity Research Group Announces Addition of Software Analyst

- Joins a Team of 66 Equity Research Analysts Who Cover More Than 930 Stocks

NEW YORK, NEW YORK--(Marketwire - Oct. 7, 2010) - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), has appointed Karl Keirstead in U.S. Equity Research to cover the Software sector.

Based in New York, Karl Keirstead will join BMO's global equity research team of 66 analysts, expanding BMO Capital Markets' equity research coverage in software.

"Karl is a world-class analyst who brings more than a decade of equity research experience to our team," said Jack Blackstock, co-head of BMO Capital Markets equity research. "Our expansion with software continues to build out our core technology equity research team, dove-tailing perfectly with our current technology coverage: Communications Equipment (Tim Long), Enterprise Hardware (Keith Bachman), Semiconductors (Ambrish Srivastava) and our team in Canada, Software (Thanos Moschopoulos), Specialty Hardware (Brian Piccioni)."

Mr. Keirstead has covered IT Services and Software for more than 10 years. He comes to BMO Capital Markets from Kaufman Brothers. Previously, he worked at Lehman Brothers where he ranked highly in the Greenwich Associates and Institutional Investor surveys in the Services category. Between his years at Lehman and Kaufman, Mr. Keirstead founded A Running Start Foundation, which benefits young people in East Africa. 

He holds a MBA from the University of Western Ontario and a Bachelor of Commerce degree from the University of Ottawa.

BMO Capital Markets' global research coverage currently evaluates 932 publicly traded companies, with a team of 66 equity research analysts, six macro/strategy analysts and a total research staff of 195. BMO Capital Markets has been steadily hiring within all areas of its business in the United States. Since last year, BMO Capital Markets has brought on more than 450 employees worldwide with 190 employees in the United States.

About BMO Capital Markets

BMO Capital Markets is a leading, full-service North American financial services provider, with more than 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:BMO)(TSX:BMO), one of the largest diversified financial services providers in North America with US$386 billion total assets and 38,000 employees as at July 31, 2010.

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