Bank of Montreal's financial services arm BMO Capital Markets will be setting up its India shop. The Canadian investment banking major plans to focus on advisory business and is waiting for the regulatory approvals, reports PTI . BMO Capital Markets has appointed Ashutosh Sharma to lead its India operations.
The firm is initially focusing on outbound mergers & acquisitions and has also formed a collaboration with Ernst & Young for cross-border opportunities between India and North America.
BMO is of the view that as global economy starts recovering from recession the investors will find emerging economies like that of India more interesting. BMO also concluded a tour of its global
investors, who manage assets worth $1.5 trillion, in India.