# BMO to Acquire Australia-Based Capital Markets Business of Euroz Hartleys Group, Strengthening Global Metals & Mining Leadership

- Link: https://www.thailand-business-news.com/pr-news/bmo-to-acquire-australia-based-capital-markets-business-of-euroz-hartleys-group-strengthening-global-metals-mining-leadership
- Published: 2026-06-30T06:02:00+07:00
- Author: PR Newswire

◦ _Combines BMO’s market-leading global metals and mining franchise with premier
   Australian distribution platform, strengthening BMO’s position as the leading
   global metals and mining investment bank_

 ◦ _Enhances BMO’s integrated global platform connecting clients to capital, investors
   and opportunities across North America, Europe and Australia_

TORONTO and PERTH, June 30, 2026 /PRNewswire/ — BMO Financial Group (TSX: BMO) (
NYSE: BMO) today announced it has entered into a definitive agreement to acquire
the Australia-based capital markets business of Euroz Hartleys Group Limited (ASX:
EZL), a leading metals and mining-focused equity capital markets, M&A and strategic
advisory firm. Euroz Hartleys Group’s private wealth business will remain independent
and will enter into a strategic alliance agreement with BMO to preserve the interconnected
relationship between the capital markets and private wealth businesses and support
continued collaboration, research access and distribution opportunities. The transaction
is anticipated to close in the fourth quarter of calendar year 2026 and is subject
to Euroz Hartleys shareholder approval, applicable regulatory approvals and other
customary conditions.

The transaction will combine BMO’s market-leading metals and mining franchise with
one of Australia’s premier equity distribution platforms and will create a truly
integrated global capability for clients. Australia is among the most important 
centres for metals and mining capital formation worldwide, with a market comparable
to Canada and growing influence across global markets. This strategic acquisition
will enhance BMO’s ability to serve clients where capital is forming, underscoring
the importance of a scaled local presence.

"This is a defining step forward in strengthening our position as the leading metals
and mining investment bank globally," said Carrie Cook, Global Head, Investment &
Corporate Banking, BMO Capital Markets. "By combining our global distribution capabilities
with deep local expertise in Australia, we are building a more connected platform
that will enable clients to access capital and opportunities across markets. As 
capital formation continues to shift globally, our clients increasingly expect seamless
access to investors and opportunities across markets—and this transaction supports
our ambition to be ahead of that evolution."

"This combination will bring together two highly complementary businesses to create
a stronger and more competitive global platform," said Andrew McKenzie, Executive
Chairman of Euroz Hartleys. "BMO provides immediate access to the leading global
franchise in metals and mining and significantly expands our ability to connect 
Australian clients with international capital. We are excited to be part of a team
that is setting the standard for the sector globally."

Since 2004, BMO has had a presence in Australia, with an office in Melbourne. At
closing, approximately 40 Euroz Hartleys Group team members are expected to join
BMO Capital Markets, further strengthening its regional and global capabilities.
Together, the combined team will operate as an integrated global platform, enhancing
connectivity across North American, European and Australian markets.

In connection with the transaction, BMO Capital Markets acted as BMO’s exclusive
financial advisor. DLA Piper and Osler, Hoskin & Harcourt LLP acted as legal counsel
to BMO. Grant Samuel acted as financial advisor and Steinepreis Paganin acted as
legal counsel to Euroz Hartleys Group.

**About BMO Financial Group**

BMO Financial Group is the eighth largest bank in North America by assets, with 
total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than
200 years, BMO provides a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and services across Canada,
the United States, and select markets globally. BMO is innovating for business value,
by deploying and integrating human, digital and artificial intelligence to personalize
client experiences, augment teams, and automate its business responsibly. Driven
by its purpose, to Boldly Grow the Good _in business and life_, BMO is committed
to driving positive change in the world, and making progress for a thriving economy,
sustainable future, and stronger communities.

**About Euroz Hartleys Group**

Euroz Hartleys is a leading Western Australian financial services firm providing
private wealth, institutional broking and corporate finance services. Euroz Hartleys
has built a highly respected Capital Markets franchise, with deep expertise across
equities research, institutional sales and trading, equity capital markets and mergers
and acquisitions advisory. The firm’s Private Wealth business provides tailored 
investment advice and financial planning services to high net worth individuals,
families and private clients. Euroz Hartleys is headquartered in Perth, Western 
Australia and is listed on the Australian Securities Exchange.

**Caution Regarding Forward Looking Statements**

Certain statements in this press release are forward-looking statements.  All such
statements are made pursuant to the "safe harbor" provisions of, and are intended
to be forward-looking statements under, the United States Private Securities Litigation
Reform Act of 1995 and any applicable Canadian securities legislation. These forward-
looking statements include, but are not limited to, statements with respect to the
expected closing of the proposed transaction, the financial and operational impact
of the proposed transaction, our future arrangements with Euroz Hartleys Group Ltd.,
our strategies or future actions, and include statements made by our management.
Forward-looking statements are typically identified by words such as "expect" and"
will" or negative or grammatical variations thereof.

By their nature, forward-looking statements are based on various assumptions and
are subject to inherent risks and uncertainties. We caution readers of this press
release not to place undue reliance on our forward-looking statements as the assumptions
underlying such statements may not turn out to be correct and a number of factors
could cause actual future results, conditions, actions or events to differ materially
from the expectations, estimates or intentions expressed in the forward-looking 
statements. Such factors include, but are not limited to: the possibility that the
proposed transaction does not close when expected or at all because required regulatory
approvals and other conditions to closing are not received or satisfied on a timely
basis or at all or are received subject to adverse conditions or requirements; the
anticipated benefits from the proposed transaction, including the strategic alliance
agreement, are not realized in the time frame anticipated or at all as a result 
of changes in general economic and market conditions, interest and exchange rates,
monetary policy, laws and regulations (including changes to capital requirements)
and their enforcement; reputational risks and the reaction of BMO’s customers and
employees to the transaction; diversion of management time on transaction-related
issues; and those other factors discussed in the Risks That May Affect Future Results
section, and the sections related to credit and counterparty, market, liquidity 
and funding, operational non-financial, legal and regulatory compliance, strategic,
environmental and social, and reputation risk, in the Enterprise-Wide Risk Management
section of BMO’s 2025 Annual Report, as updated by BMO’s quarterly reports, all 
of which outline certain key factors and risks that may affect our future results
and our ability to anticipate and effectively manage risks arising from all of the
foregoing factors. We caution that the foregoing list is not exhaustive of all possible
factors. These factors should be considered in addition to other uncertainties and
potential events, and the inherent uncertainty of forward-looking statements.

BMO does not undertake to update any forward-looking statement, whether written 
or oral, that may be made, from time to time, by the organization or on its behalf,
except as required by law.

Media Contact: Jeff Roman, [jeff.roman@bmo.com](https://www.thailand-business-news.com/pr-news/jeff.roman@bmo.com),(
416) 867‑3996; Investor Relations Contact: Christine Viau, [Christine.viau@bmo.com](https://www.thailand-business-news.com/pr-news/Christine.viau@bmo.com),(
416) 867-6958; Bill Anderson, [bill2.anderson@bmo.com](https://www.thailand-business-news.com/pr-news/bill2.anderson@bmo.com),(
416) 867-7834

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