BMO Capital Markets launches treasury management service

The new global banking services will make it easier for companies to conduct business around the world from their home base. A key feature is that clients will be able to manage cash flow and all of their U.S. dollar, Canadian dollar and Euro payments and receivables through a single BMO Capital Markets Relationship Manager, eliminating the need to deal with separate financial institutions in each country where they conduct business.

"Our clients don't want to search for new partners or navigate new banking environments as their businesses expands to new countries - they'd rather deal with us, with experienced relationship managers they already know and trust," said Marnie Kinsley, Executive Managing Director and Head of Global Treasury Management, BMO Capital Markets. "By offering seamless global services, we can deepen our relationships with our clients by helping them simplify the process and save money at the same time."

BMO Capital Markets is uniquely positioned to offer the global treasury management services through a new arrangement with Deutsche Bank AG, the world's number-one Euro clearer. Under this alliance, Deutsche will provide and maintain all of the European back-office treasury management support for BMO. For BMO clients, this arrangement provides access to Deutsche's vast European network and services.

"What this means for our clients is that they can fulfill all of their international treasury management needs through their existing relationship with BMO. Whether clients need to manage funds within the U.S., Canada or Europe, our global treasury management solutions make managing international cash flow easy," Ms. Kinsley added.

BMO Capital Markets will also offer its North American clients access to seamless cross-border treasury management services through its Toronto-based parent BMO Financial Group.

While the initial launch focuses on services in the U.S., Canada and Europe, BMO Capital Markets' long-term plan is to offer the same capabilities in markets such as Asia and India. "We can now compete on a level playing field with the largest U.S. banks in Europe. We have had enormous success developing our cross-border capabilities, and this is a great opportunity to support our customers as they go global," said William Brodt, Managing Director of BMO's Global Treasury Management Group in the United States.

"Many companies are taking advantage of the enormous potential of international markets. We expect the need for streamlined treasury management services to increase in demand over time as more companies put the focus on budgeting for expansion," Mr. Brodt added.

BMO's new global treasury management services include key disbursement and concentration services such as:

• Wire payments
• Checking services
• Small value, recurring electronic payments such as Automated Clearing House payments (ACH) and Electronic Funds Transfers (EFTs)
• Lockbox services (includes the collection of paper checks from suppliers and invoice management)