Banking

BMO offers guaranteed retirement income product

BMO has announced the launch of a new guaranteed income product aimed at clients aged 55 and up. The BMO Lifetime Cash Flow product bank deposit backed by BMO and is fully protected against market volatility. The initial deposit (minimum $5,000) provides exposure to a portfolio of BMO Mutual Funds which is rebalanced annually to […]

By Staff |January 18, 2011

1 min read

Bertrand to join National Bank Financial

National Bank Financial has appointed Luc Bertrand, former president and CEO of Montreal Exchange, to the newly created position of vice-chairman. He joins National Bank on February 7 “Luc Bertrand is well respected in the business community having, among other things, consolidated Canada’s international standing in the derivatives market when he was with Montreal Exchange […]

By Staff |January 11, 2011

1 min read

BMO appoints three senior execs

BMO announced three senior executive appointments today, reflecting the focus of BMO on supporting integration and expansion throughout the coming years. First, Tom Flynn has been appointed executive vice-president and chief financial officer, succeeding Russ Robertson. His new position becomes effective March 23, 2011. Previously, Flynn was executive vice-president and chief risk officer, where he […]

By Staff |January 5, 2011

1 min read

Financials in 2011

This past year has been interesting for financials. After the recession in 2008, bank rescues and profits led markets to recovery in 2009 as writedowns on bad loans began to slow and lending activity resumed.

By Andrew Zamfotis |January 1, 2011

3 min read