6.0 Description of Canadian investment banking division

According to most recent datum released by The Wall Street Journal, in past four quarters (2011Q4+2012Q1toQ3), Canada investment banking revenue is .99 billions, occupying 6.53% of the global pie(Investment Banking Scorecard, 2012). It ranks fourth in regions after U.S., Europe, Asia, and ahead of Latin American. Considering Canada’s population, this is significant.

BMO has investment banking within BMO capital market, while American once required a separation between commercial banking and investment banking (cancelled in 1999). Despite some countries (e.g. UK) plan to embrace such a separation, mixed operation like BMO has an efficiency advantage over separate operation. Additionally, BMO’s investment banking is praiseworthy in other aspects. 

The culture of this group has two dimensions: high performance and corporate responsibility. And everything everyone does in this group should obey the rules of integrity, honesty, respect and fair dealing. Such culture and job ethics make its people united, faithful and efficient. As for the working hours, they generally enjoy regular work hours, meanwhile, opportunities for flexibility in work hours as well as non-standard hours are also allowed.

Among IB’s services, I’d like to join in M&A advisory the most and work there as an analyst, for that’s where my major and interest lies. Such a job calls for patience, diligence as well as large amount of time and energy besides professional knowledge, where I consider myself all fundamentally qualified.

In 2012, Thomas V. Milroy is CEO of BMO Capital Markets, and Darryl White, the Head of Global Investment & Corporate Banking, while Perry Hoffmeister and Peter Myers are in charge of Investment & Corporate Banking in US, and Canada, London, Melbourne respectively.

7.0 Conclusion

While BMO survives from more than 190 years’ struggle, it is mature enough to have its own unique and solid corporate culture and make management decision wisely. Its business covers every corner of citizen’s daily life and its governance structure is of high efficiency. Also I appreciate its moderate attitude towards development, neither radical nor conservative. Its experience accumulated through history, peace and war, good and bad, ups and downs, makes it not in a hurry whenever facing challenges or opportunities. After an overall research into BMO, I find that BMO is just the right place I want to stay and grow. Sincerely I hope I can get such a chance.