Bank of Montreal

The Bank of Montreal originally had its headquarters in Montreal, Canada however, the company’s management decided to move it to Toronto in 1977. What remained of its previous headquarter is the legal department of the Bank of Montreal. To date, the Bank of Montreal has more than $387 billion in assets.

Although the company still has its legal head office in Saint-Jacques Street, Montreal, the President and Chairman including all the other senior executives are working in the Toronto headquarters which are located at the First Canadian Place. Meanwhile, it is the Montreal Place d’Armes which is responsible for the bank’s economic relationship with the Province of Quebec, Canada.

The Bank of Montreal has three different business segments catering to various markets.
Each one of these business segments are operating under several brand names. These business segments include the Personal and Commercial Client Group, Investment Banking Group and Private Client Groups.  The Personal and Commercial Client Group deals with retail banking such as BMO Bank of Montreal, Harris Bank which is located in the United States as well as the Bank’s Mosaik Mastercard credit cards. The second business segment which is the Investment Banking Group handles the capital markets. Lastly, the Private Client Group is all about wealth management.

In 2007, the Bank of Montreal was included in the list of Canada’s Top 100 Employers. According to the Maclean’s magazine only the Bank of Montreal which is classified as a “Schedule A” bank received this kind of distinction.