Canada NewsWire
NEW YORK and TORONTO, Sept. 4, 2018
NEW YORK and TORONTO, Sept. 4,
2018 /CNW/ - BMO Financial Group today announced that it has completed the acquisition of KGS-Alpha Capital Markets (KGS),
a New York-based fixed income broker-dealer specializing in U.S. mortgage (MBS) and asset-backed securities (ABS) in the
institutional investor market.
BMO announced the acquisition on May 1, 2018. The transaction complements BMO Capital Markets'
existing MBS trading business and immediately makes BMO a top-tier dealer in securitized products with special emphasis on
agency-backed residential and commercial MBS products.
KGS has been rebranded as BMO Capital Markets.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate,
institutional and government clients access to a complete range of products and services including equity and debt underwriting,
corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market
risk management, debt and equity research and institutional sales and trading. With approximately 2,500 professionals in 30
locations around the world, including 16 offices in North America, BMO Capital Markets works proactively with clients to
provide innovative and integrated financial solutions.
BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO) one of the largest diversified financial
services providers in North America with $765 billion total assets as at July 31, 2018.
View original content:http://www.prnewswire.com/news-releases/bmo-financial-group-completes-acquisition-of-kgs-alpha-capital-markets-300706001.html
SOURCE BMO Financial Group
View original content: http://www.newswire.ca/en/releases/archive/September2018/04/c8895.html