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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: Naught-x who wrote (4041)	9/22/1999 7:03:00 PM
From: AriKirA	Respond to of 77509

Excellente analyse N-x Je suis d'accord avec tout ce que tu as dit! Tu devrais analyser plus souvent ... c'est à dire les titres et non DA [ggg] LOL Keep up the good work! AK

To: Naught-x who wrote (4041)	9/22/1999 7:05:00 PM
From: AriKirA	Respond to of 77509

Bank of Montreal Expands Discount Brokerage with U.S. Acquisition TORONTO, September 22 , 1999 - The Bank of Montreal Group of Companies is expanding its discount brokerage business by acquiring Chicago-based discount brokerage firm Burke, Christensen & Lewis Securities, Inc. (BCL Securities). The transaction is valued at $Cdn 66 million ($US 45 million) and is subject to regulatory approval. "This acquisition will allow us to expand our North American electronic business by significantly increasing our discount brokerage client base and management expertise in the U.S., where we already have an established presence with Chicago-based Harris Bank," said Tony Comper, Chairman and Chief Executive Officer, The Bank of Montreal Group of Companies. The new company, to be known as Harris/BCL - Investors Direct, is part of Bank of Montreal's Private Client Group which has total assets of $165 billion under administration. The Private Client Group brings together all of the bank's wealth management services, including retail investment products, discount and full service brokerages, private banking and institutional money management. "BCL will join our Harris Investors Direct discount brokerage, giving us nearly 45,000 U.S. brokerage clients and bringing our total number of retail customers in the United States to almost one million," said Mr. Comper. "Harris/BCL - Investors Direct will work side by side with its Canadian counterpart, Bank of Montreal's InvestorLine, as an important component in our North American growth strategy." In addition to building on the extensive Harris private bank and retail bank client base in the U.S. Midwest, the new regional discount brokerage presence now extends into 50 states and enhances an already solid platform for future e-brokerage and e-business growth and expansion across the United States. BCL Securities, founded in 1973, is a pioneer in the electronic discount brokerage industry. It services an active, self-directed investor clientele with over $2.6 billion in assets. In addition to Chicago, the firm has offices in Milwaukee, Cleveland and Detroit. "Combining with Harris Bank/Bank of Montreal will give us the added scale, talent and capabilities that are necessary to compete in the future," said Rod Trautvetter, Chief Executive Officer, BCL Securities. "In addition, the Harris Bank/Bank of Montreal name carries an assurance of high quality service and trust that will serve our customers well." Mr. Trautvetter will be named President of Harris/BCL - Investors Direct. The combined company has $4.2 billion in assets under administration. Bank of Montreal's InvestorLine discount brokerage has over 195,000 accounts and almost $6 billion in assets under management. The Private Client Group is focused on wealth management, which represents the fastest growing area in the financial services category. It is a cornerstone to providing integrated banking and financial services to meet rapidly changing customer needs.