BMO Seeks to Double Cross-Border Sales Within 5 Years, COO Says

Bank of Montreal, Canada’s fourth-largest lender, expects to double sales from cross-border commercial clients within five years, Chief Operating Officer Frank Techar said.

Bank of Montreal has unified its banking, treasury and payment systems for its Canadian and U.S. commercial operations and created a team of business bankers to target companies doing Canada-U.S. business, Techar said during the firm’s investor conference Thursday in Toronto.

“We expect to add over 150 north and southbound clients this year and to ultimately double the existing cross-border revenues in the next four to five years,” Techar said.

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