Canadian I-Bank BMO Capital To Enter India

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.