OREANDA-NEWS. BMO Financial Group today announced the appointment of Monique Chan as CEO, BMO Private Bank Asia.

In this role, Ms. Chan will be responsible for growing BMO's private banking business in Asia and building strong collaborative partnerships within BMO across the private banking, Capital Markets and Global Asset Management lines of business. She will report directly to Myra Cridland, Head of BMO Private Banking, with additional regional reporting to Albert Yu, Chief Executive Officer Asia, BMO Financial Group.

Ms. Chan joins BMO Private Bank Asia from Edmond de Rothschild Group, where she was CEO and Head of Asia, responsible for developing both the private banking and asset management businesses in the region. Prior to this role, she held various senior management positions over a 15-year career with HSBC, including Chief Executive of HSBC Private Bank's Hong Kong branch and Chief of Staff in Asia.

"Monique is an outstanding leader with a proven track record of success in the local market," said Myra Cridland, Head, BMO Private Banking, Canada and Asia. "Her knowledge of the wealth management business in Asia, combined with her client-centric approach and experience building high-performing teams, will be an asset to BMO's private banking arm in the region."

Ms. Chan holds a BA from the University of Hong Kong and an MBA from the University of New South Wales. She is active in the community, serving as Honorary Treasurer and Member of the Board of Children's Thalassemia Foundation and Vice Chairman of Resource Counselling Unit.

Ms. Chan will assume her new role with BMO Private Bank Asia on August 3.

About BMO in Asia

BMO has had a long history of doing business in Asia, especially in China. BMO is currently the only Canadian and one of only three North American banks with an established subsidiary bank in Mainland China. BMO's offices in Asia allow the bank the flexibility to expand its product and service offerings for North American and Asian clients.

BMO's presence in Asia includes:

  • BMO's subsidiary bank in Mainland China - Bank of Montreal (China) Co. Ltd., with branches in Beijing, Shanghai and Guangzhou;
  • BMO branch in Hong Kong;
  • BMO branch in Singapore;
  • BMO Capital Markets representative office in Beijing;
  • BMO Capital Markets representative office in Taipei;
  • BMO Global Asset Management Asia in Hong Kong;
  • A 28 per cent equity stake in Fullgoal Fund Management Co. Ltd., based in Shanghai; and
  • A 19.99 per cent equity stake in COFCO Trust Co. Ltd., based in Beijing.

About BMO Private Bank Asia

BMO Private Bank is the international private banking arm of Bank of Montreal. Through offices in Hong Kong and Singapore, BMO Private Bank offers a broad spectrum of financial and investment products and services that allow investors to benefit from Asia's special place in the global economy.