BMO Financial Group has unified its private banking with its full-service brokerage, the firm said Tuesday.
BMO Private Wealth Canada and Asia unites BMO Private Banking and BMO Nesbitt Burns under one leadership team.
Andrew Auerbach, currently head of BMO Nesbitt Burns, will lead BMO Private Wealth Canada and Asia, says a release.
“We are staying ahead of clients’ evolving needs, and delivering best-in-class advice for high-net-worth families—providing an integrated, team-based experience in a range of specialized areas,” said Joanna Rotenberg, group head at BMO Wealth Management, in the release.
The BMO Private Banking and BMO Nesbitt Burns brands will continue to be used for clients, says the release. BMO’s Canadian Private Wealth business will also continue to build on its linkage with BMO’s Private Bank in Asia, to support Asian clientele.