TORONTO, ONTARIO and NEW YORK, NEW YORK and LONDON, UNITED KINGDOM--(Marketwired - Nov. 30, 2016) - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), has been named Best Bank for the Canadian Dollar for the sixth consecutive year by FX Week.
"We are very proud to have received this award for a sixth year running," said Simon Watkins, Head of Foreign Exchange Europe, BMO Capital Markets. "We are in constant and ongoing dialogue with our clients about their foreign exchange needs. The fact that they have recognized the work that we're doing for them is really rewarding."
The winners of the annual FX Week Best Bank Awards are determined by votes from foreign exchange professionals from around the world. In the 2016 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.
"After years of banks in foreign exchange chasing volumes and market share, the focus has turned to servicing the core client base as best and as efficiently as possible," said Eva Szalay, Editor, FX Week. "By winning the Best Bank for Canadian dollar category, BMO Capital Markets has yet again proved that the right strategy and a keen focus on clients achieve the best results for both the bank and its customers. 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 (BMO FX) 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 FX group has received numerous awards for its leadership in foreign exchange. Recent recognitions include:
Top-tier coverage team 2016 Achievements:
- Ranked #1 (tied) as a 2016 Greenwich Quality Leader in Overall Canadian Fixed Income, Canadian Fixed Income Sales, Canadian Fixed Income Research and Canadian Fixed Income Trading by Greenwich Associates.
- Ranked #2 (tied) as a 2016 Greenwich Share Leader for Overall Canadian Fixed Income Market Share by Greenwich Associates.
International markets - 2016 Achievements:
- Recognized (BMO China) as the Most Popular Market Maker in CNY Spot, Best Non-USD Currency Pairs Market Maker and Best G7 Market Maker by the China Foreign Exchange Trade System (CFETS).
- Named Best Forex Provider in North America for the sixth consecutive year by Global Banking and Finance Review.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider. With more than 2,200 employees operating in 30 locations, including 16 in North America, BMO Capital Markets offers 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 total assets of CDN $692 billion as of July 31, 2016, and over 45,000 employees.