View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 25, 2013updated 04 Apr 2017 3:06pm

BMO Financial expands asset management business into Australia

Canada-based BMO Financial Group has said that it will establish a base for its institutional asset management business in Melbourne, Australia, operating as BMO Global Asset Management.

By Verdict Staff

Canada-based BMO Financial Group has said that it will establish a base for its institutional asset management business in Melbourne, Australia, operating as BMO Global Asset Management.

BMO Global Asset Management will focus on sales and serving the needs of Australia’s institutional investors and will be led by managing director Ravi Sriskandarajah, who has more than 15 years of experience in the asset management industry.

Sriskandarajah will be based out of Melbourne and will spend a significant amount of time in Sydney as well, the company said in a statement.

He will represent an expert team of multi-disciplined asset managers based in Toronto and Chicago, and a global network of investment specialist boutiques based in Miami, Toronto, London, Mumbai, and Hong Kong.

Gilles Ouellette, president and CEO of private client group at BMO Financial Group, said: "With BMO’s growing presence in Asia Pacific, we can offer our current and potential clients more investment options to choose from and easier access to our global network and wide breadth of expertise."

BMO Financial Group has had a presence in Australia since 2004, when BMO Capital Markets opened a representative office in Melbourne offering investment and corporate banking services to global clients doing business in the Asia Pacific region.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International