In 2020 BMO, which has total assets of $1.04 trillion, opened up the possibility of obtaining a Securities License in Japan by establishing a Tokyo Representative office.

Rob Yeung, Country Head of International & Head of Global Equities and Financing Solutions at BMO Capital Markets, said the firm is “excited” about its growth potential in Japan and the opportunity to serve its growing onshore client base more effectively. Yeung added:

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.

Yuko Kamiya, Representative Director of BMO Japan Securities, said BMO applied for a Securities license after a strategic review showed a high correlation between its Global Markets products and demand in Japan.

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