BMO Financial Group announced that it has entered into a definitive agreement to acquire the Australia-based capital markets business of Euroz Hartleys Group. Financial terms of the transaction were not disclosed. Euroz Hartleys Group’s private wealth business will remain independent.
The private wealth business will enter into a strategic alliance agreement with BMO to preserve the relationship between the capital markets and private wealth businesses and support continued collaboration, research access, and distribution opportunities.
The transaction is expected to close in the fourth quarter of calendar year 2026, subject to Euroz Hartleys shareholder approval, applicable regulatory approvals, and other customary conditions.
BMO said the acquisition will combine its global metals and mining franchise with one of Australia’s premier equity distribution platforms.
The deal is expected to strengthen BMO’s position as a global metals and mining investment bank while enhancing its integrated platform across North America, Europe, and Australia.
Australia is a major center for metals and mining capital formation, with a market comparable to Canada and growing influence across global markets.
BMO said the acquisition will enhance its ability to serve clients in markets where capital is forming and underscore the importance of a scaled local presence.
At closing, approximately 40 Euroz Hartleys Group team members are expected to join BMO Capital Markets.
The combined team is expected to operate as an integrated global platform, improving connectivity across North American, European, and Australian markets.
BMO has maintained a presence in Australia since 2004, with an office in Melbourne.
Euroz Hartleys is a Western Australian financial services firm providing private wealth, institutional broking, and corporate finance services.
The firm has built a capital markets franchise with capabilities across equities research, institutional sales and trading, equity capital markets, and mergers and acquisitions advisory.
BMO Capital Markets acted as BMO’s exclusive financial advisor on the transaction.
DLA Piper and Osler, Hoskin & Harcourt served as legal counsel to BMO.
Grant Samuel served as financial advisor to Euroz Hartleys Group, and Steinepreis Paganin served as legal counsel.
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.
The company provides personal and commercial banking, wealth management, global markets, and investment banking products and services across Canada, the United States, and select global markets.
KEY QUOTES:
“This is a defining step forward in strengthening our position as the leading metals and mining investment bank globally. 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.”
Carrie Cook, Global Head, Investment & Corporate Banking at BMO Capital Markets
“This combination will bring together two highly complementary businesses to create a stronger and more competitive global platform. 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.”
Andrew McKenzie, Executive Chairman of Euroz Hartleys
