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BMO Capital Markets
BMO Capital Markets Average Score 2022 Average Score 2021 Average Score last 3 years Global Average Difference with Global Average Capital Introductions 4.77 N / A N / A 5.38 -0.61 Client Services 6.12 N / A N / A 6.14 -0.02 Consulting 5.20 N / A N / A 5.91 -0.71 Operations 5.78 N / A N / A 6.00 -0.22 Technology 5.17 N / A N / A 5.79 -0.62 Risk Management 5.37 N / A N / A 5.88 -0.51 Asset Safety 5.47 N / A N / A 6.15 -0.68 Trading and Execution 6.10 N / A N / A 6.19 -0.09 Financing 5.61 N / A N / A 5.81 -0.20 Stock Borrowing and Lending 5.85 N / A N / A 5.93 -0.08 Foreign Exchange Prime Brokerage 5.53 N / A N / A 6.04 -0.51 Fixed Income 5.58 N / A N / A 6.00 -0.42 OTC Clearing 4.80 N / A N / A 5.92 -1.12 Listed Derivatives 5.84 N / A N / A 6.07 -0.23 Average 5.51 N / A N / A 5.94 -0.43
Primarily focused on the Canadian market to date , BMO ’ s appearance in the GC Prime Brokerage Survey has been sporadic over the years . It appears this year with a mixed set of scores spread relatively widely from 6.12 ( Very Good ) at the top end for Client Services to 4.77 ( Satisfactory ) for Capital Introductions . One client comments that , “ BMO has the most effective cap intro team amongst the Canadian prime brokers .” When it comes to Client Services , the BMO team is lauded in several individual comments with specific shout outs for ‘ Satinder ’ and ‘ Natalie ’ and for ‘ Hong ’ in operations . Traditionally focused on the Canadian market , BMO is in the process of building out a platform to encompass both US and UK operations and clients . Some 15 individuals have been brought on to spearhead the US prime build . Regulatory filing with FINRA of its Continuing Membership Application for an expansion of activity is planned for late Q3 , and the firm expects to be online with a small Reg T proof of concept in roughly nine months . BMO has also made significant investment into Bank of the West to solidify its wealth business and balance sheet , complementing its BMO Harris operation in Chicago . “ We think some of the builds we are doing in the US will also bring incremental opportunities to Canadian clients ,” says the firm .
60 Global Custodian Fund Services Annual 2022