Bank of Montreal 1998 Annual Report Download - page 3

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BANK OF MONTREAL ATAGLANCE
BANK OF MONTREAL GROUP OF COMPANIES
Personal and Commercial
Financial Services (PCFS)
Personal and Commercial Financial Services (PCFS)
provides a full range of financial products and services to
about six million Canadian households and commercial
businesses, with an aim of achieving an appropriate value
proposition for each relationship. Working with other Bank
groups, PCFS meets the sophisticated demands of its
clients as changing demographics cause a shift in focus
to wealth management and retirement planning.
Harris Regional Banking Harris Regional Banking is one of the largest community
banking networks in Chicago and surrounding communities,
and one of the premier mid-market corporate banks in the
U.S. Midwest. The centrepiece of our U.S. strategy, Harris
serves individuals, small businesses and mid-sized corpora-
tions, providing a comprehensive range of banking, trust
and investment services.
Electronic Financial Services (EFS) Electronic Financial Services (EFS) is a diverse group of
businesses that use new technologies and channels of
distribution to provide exceptional service to a wide range of
clients. The group includes mbanx®
, telephone banking,
credit and debit cards, Cebra
®†
Inc., North American cash
management, BMO Global Custody, and the
Bank’s interest
in Grupo Financiero Bancomer.
Investment and Corporate Banking (I&CB) Together, Nesbitt Burns, Global Treasury and Trading,
the Asset Management Services Group, the Merchant Bank
and Global Corporate Banking provide a full range of
products and services to corporate, institutional and individ-
ual clients. Key components include complete investment
and corporate banking services, wealth management
alternatives and a customized financial solution approach
for all customer segments.
Portfolio and Risk Management
Group (P&RMG)
The Portfolio and Risk Management Group (P&RMG) was
formed in 1998. This group brings together under one
umbrella the enterprise-wide risk management and
corporate
treasury functions along with corporate asset
portfolio
management, global financial institutions and governments
and trade finance. A rapidly evolving global banking industry
demands we develop new ways to assess business opportu-
nities and manage the associated risks.
THE BUSINESS
®