BMO Capital Markets Named Best Trade Bank in Canada by Trade Finance Magazine
- Named Best Trade Bank in Canada for the 5th year running
- Named Best Supply Chain Finance Bank in North America
TORONTO, ONTARIO -- (Marketwired) -- 06/09/14 -- BMO Capital
Markets, the investment and corporate banking arm of BMO Financial
Group (TSX: BMO)(NYSE: BMO), has been named the Best Trade Bank in
Canada for a fifth consecutive year by London-based Trade Finance
In an annual survey of the industry, the magazine also named BMO
Capital Markets Best Supply Chain Finance Bank in North America,
underscoring the strength of the BMO Capital Markets web-based supply
chain finance solution that helps buyers negotiate better terms and
helps suppliers lower working capital financing costs.
"BMO has shown the North American market that we understand Supply
Chain Finance, and we're good at processing it," said Peter Grills,
Managing Director, Trade Finance, BMO Capital Markets. "We work
closely with the buyers, and the suppliers, and our program provider,
for seamless implementation."
The awards come amid a growing demand for trade finance, as developed
and developing markets look to trade to drive economic growth.
"We congratulate BMO Capital Markets on winning the Best Trade Bank
in Canada for an impressive five years in a row. This year they won
the Best Supply Chain Finance Bank in North America for the first
time, and proved that their in-depth knowledge, high levels of
service and innovative approach also apply to working capital
solutions," said Bruno Alves, London-based editor of Trade Finance
The Trade Finance survey ranks firms based on votes gathered from
industry players and members of the magazine's editorial team.
Manufacturers, exporters, importers, traders, government and
multilateral agencies were consulted for their input on this survey.
BMO Capital Markets' Trade Finance Group has relationships with some
1,200 banks in more than 100 countries. It has relationships with
thousands of companies across Canada, the United States and Asia, and
BMO was the first Canadian bank with a wholly-owned subsidiary in
About BMO Trade Finance
BMO's Trade Finance Group advises clients at every stage of growth,
whether they are a growing, independent, middle market enterprise or
a large publicly traded firm involved in international trade across a
number of sectors. From risk mitigation to supply chain finance and
trade payables processing, BMO specializes in anticipating and
responding to the impacts of fluctuating interest rates and currency
values on international trade, managing financial relationships with
trading partners and navigating the regulatory landscape. BMO also
offers powerful tools that make it easy for clients to execute
transactions, monitor trade activity and track results.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American
financial services provider. With more than 2,300 employees operating
in 29 locations, including 16 in North America, BMO Capital Markets
offers corporate, institutional and government clients access to a
complete range of investment and corporate banking products and
services. BMO Capital Markets is a member of BMO Financial Group
(TSX: BMO)(NYSE: BMO), one of the largest diversified financial
services providers in North America with US $582 billion total assets
and more than 45,500 employees at April 30, 2014.
About Trade Finance Magazine
Trade Finance magazine is Euromoney Publications' flagship
international trade, export, commodity and supply chain finance
publication. Euromoney has been covering trends in trade finance for
more than 30 years and is the longest standing global publication
concentrating exclusively on the international trade finance market.
The Trade Finance "Awards for Excellence" have been awarded ever
since the magazine launched in 1998. For more information, visit
For media inquiries or to schedule an interview,
Martha McInnis, New York
Pav Jordan, Toronto
416 867 7645
Press spacebar to pause and continue. Press esc to stop.