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Bank of Montreal (BMO)

All in his stride

Hamish Lock had to hit the ground running when he became head of op risk at Bank of Montreal just over a year ago. But taking on a new risk role amid a global financial crisis hasn't fazed him, and he is already well on the way towards achieving his new…

PBOC gives OTC foreign exchange trading go-ahead

The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.

Nesbitt Burns raids Commerzbank for US start-up

BMO Nesbitt Burns, the Toronto-based investment banking subsidiary of Bank of Montreal, has expanded its equity derivatives operations into the US market by poaching six of Commerzbank’s equity derivatives team.

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