PR97346

TORONTO, Aug. 5, 2022 /PRNewswire=KYODO JBN/ --

-- License enables BMO to engage in the marketing, sale and distribution of

foreign fixed income securities

BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced its registration as

a Securities Licensed company in Japan, marking the expansion of its footprint

in the world's third largest economy and Canada's fourth largest export

partner. The license enables BMO to enhance the service it provides to existing

clients, attract new clients who prefer to deal with onshore banks, and engage

in the marketing, sale and distribution of foreign fixed income securities

including US & Canadian Rates, Credit and Securitized Products, setting the

foundation for expansion of other BMO businesses.

"We're excited about our growth potential in Japan and the opportunity to

better serve our growing onshore client base with product expertise well suited

to the needs of domestic Japanese investors," said Rob Yeung, Country Head of

International & Head of Global Equities and Financing Solutions, BMO Capital

Markets. "Expanding our business in Japan aligns with BMO Capital Markets'

strategy to build a premier distribution capability both Internationally and in

North America. We're looking forward to being able to tap into a deep pool of

Global Markets talent to complement our Asia coverage efforts."

"BMO applied for a Securities license after a strategic review that showed a

high correlation between our Global Markets products and demand in Japan," said

Yuko Kamiya, Representative Director, BMO Japan Securities Ltd. in Japan.

"Japan is the largest foreign holder of US Treasuries, large investors of

mortgages and securitized products and one of the most active foreign

participants in Canadian bonds."

BMO opened its first Representative office in Japan in 1962, followed by a bank

branch that operated from 1981 until 1996. Since then, BMO's Japanese clients

have been served from its Hong Kong branch. In 2020 BMO established a Tokyo

Representative office, paving the way for the establishment of the newly

licensed BMO Japan Securities Ltd.

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 $1.04 trillion as of April 30, 2022, and a team

of diverse and highly engaged 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, BMO Wealth Management and

BMO Capital Markets.

Media Enquiries: Kelly Hechler, Toronto, Kelly.hechler@bmo.com, (416) 867-3996

SOURCE BMO Financial Group - Communications