BMO Capital Markets increases Hong Kong presence

The investment and corporate banking division of Bank of Montreal (BMO) Financial Group - BMO Capital Markets - is expanding its presence in Asia.

By opening a new foreign exchange office in Hong Kong, the services provider reveals it hopes the move will bolster its capital markets' standing in the region.

In addition, it has hired sales and trading specialists to finance jobs in Hong Kong in an effort to support these ambitions for growth, while it has also expanded its financial and debt product capabilities within the special administrative region of the People's Republic of China.

Jamie Thorsen, executive managing director and head of foreign exchange and China capital markets at BMO Capital Markets, says of the news: "Our foreign exchange presence in Hong Kong gives us a clear advantage in growing our existing business and capitalising on the tremendous growth potential of the Pan Asian market."

Elsewhere, Reuters recently reported that investment bank Jefferies has made a move towards strengthening its Asian operations by hiring six managing directors.