As we embark on a new chapter as BMO, we thought it made sense to give you a bit more information about us. With over 900 branches across Canada, we’re a household name there but are less well known to many of our UK customers.
Canada’s first bank
Having officially started doing business in November 1817, BMO was Canada’s first bank and its pioneering status is reflected in its official Canadian bank number, 001. In the 200+ years following its creation we have grown to service the needs of over 12 million customers worldwide.
A global business
Today, BMO employs over 45,000 people and alongside personal banking activities, offers a diversified range of financial services from investment and corporate banking through to wealth and asset management. Together with our operations in North America, we have a presence in Europe, Asia, the Middle East and South America. Whatever the area of business, there’s a clear emphasis on both serving the needs of our customers and doing business in the right way. In 2018, BMO was named one of the World’s Most Ethical Companies and ranked the second most reputable among US banks.
Being responsible – building on our heritage, investing for the future
We are a signatory to the “UN Principles for Responsible Investment” and having a responsible ethos around investing has long been part of our heritage. Within asset management, we launched Europe’s first ethically screened fund in 1984 and today offer a suite of environmental, social and governance (ESG) orientated options for investors. Our focus on being responsible extends more broadly and our 15-strong Responsible Investment team work closely with our fund managers to ensure ESG-related risks and opportunities are integrated in the decisions they make. As well as being the right thing to do, we also believe it is a sensible thing to do from a risk and reward perspective.
Let’s talk about risk
The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.