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STRUCTURED PRODUCTS | Cesar Tordesillas, China

ABC launches cross-border private banking

ABC and the BMO Financial Group launched its cross-border financial services of private banking.


The cooperation of the two banks aims to provide domestic high-end and wealthy persons with cross-border financial services and solutions on studying abroad, immigration and investment to meet their growing cross-border financial service needs.

Through unified service teams and establishing service procedures, the two banks will expand the market according to regulatory requirements. The cooperation between ABC and BMO marks ABC's progress in cross-border services by improving its service functions with the advanced international experience. In the future, the two banks will continue to deepen cooperation and improve cross-border financial service system of private banking to better meet the needs of customers.

Mr. Zhu Hongbo, Vice President of ABC, and Mr. Gilles Ouellette, President of Private Client Group of BMO Financial Group and Chairman of Bank of Montreal (China) Co., Ltd., attended the signing ceremony. Mr. Zhou Hongliang, General Manager of the Private Banking Department of ABC, and Mr. Caizheng Jiebing, Director of Private Banking (China) of BMO, signed the cooperation agreement on behalf of the two sides respectively.

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