Bank of Montreal 1999 Annual Report Download - page 14

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12 Bank of Montreal Group of Companies 1999 Annual Report
Investment Banking Group
Credit Portfolio Management
Investors are increasingly discovering the favour-
able risk/return characteristics available from
a diversified portfolio of credit investments. We can
provide superior service in the area of credit port-
folio management because of the increasing liquidity
of loans, the development of the credit derivatives
market, the depth of our experience and our strong
reputation with institutional investors. Collaterized
bond obligations (CBOs) and collaterized loan
obligations (CLOs) are two examples of exciting
products in this rapidly growing field.
Securitization
More and more corporations are recognizing the
benefits of reduced capital consumption and
enhanced credit extension through the process of
securitizing assets. The opportunities for us are
significant. As recognized leaders in this field, we
will expand our product offerings to clients in
North America and Europe. As our business devel-
ops, opportunities to act as a principal using our
securitization expertise are becoming available, and
we are pursuing further expansion in this area.
“We broke every record in Canadian financial history and
the leading role was certainly played by Nesbitt Burns.
Nesbitt knows the Canadian capital market very well. They
showed us that as an investment bank they are a
unique observer of the market.”
“It was an obvious, strong fit for
us to have a team of advisors
and bankers as part of the deal.
There was an advantage having
the combined in-house skills
of Nesbitt Burns and
Bank of Montreal.”
José María López de Fuentes
Chief Executive Officer
and President, 407 ETR
Kenneth A. Walker
Chief Financial Officer, 407 ETR