Bank of Montreal 2008 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2008 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

8| BMO Financial Group 191st Annual Report 2008
PRESIDENT AND CHIEF EXECUTIVE OFFICER’S MESSAGE
BMO’s
Management
Process
BMO’s cross-functional
management process focuses
on aligning execution to our
strategic goals and leading
the drive to top performance.
Membership in all committees
is reviewed annually.
BMO’s Management
Committee
Enterprise-wide, economic recovery will present significant opportunities
for all our businesses.
P&C Canada has been successfully building share by focusing on relationships. As consumer confidence
recovers and activity levels increase, we are well-positioned for above-average revenue growth.
In the U.S. Midwest, where the competitive landscape has changed dramatically, Harris has become
the natural home for more consumers and businesses. In Private Client Group, we succeed with our
full range of award-winning offerings and our industry-recognized leadership in how we serve customers.
In BMO Capital Markets, our focus on customer relationships positions us to benefit from increased
mergers and acquisitions and advisory work as a number of our corporate clients –among them many
of Canada’s largest and strongest companies –will be poised for growth when the recovery begins.
For investors looking to 2009 and beyond, there are compelling reasons BMO Financial Group represents
a good investment: our retail-oriented customer focus is working and generating higher earnings; we have
enhanced our risk management capabilities; and, we have excellent opportunities to leverage our strong
capital position to grow our business.
To give credit where credit is due, many of our strategies and programs are implemented on the front lines,
literally one customer at a time. So thank you, in particular this year, to the people who work with our
customers every day.
I concluded last year’s annual report message saying: “The creation of value for our shareholders flows
directly from the value we deliver to our customers. We know that the best way to do that is to bring the
strength of our entire company to our customers, to help them make the choices that are best for them.
Every time.” This continues to be our commitment.
William A. Downe
President and Chief Executive Officer
9
1
315
11 12
7
14
10
8
2
6
13
5
4