| Significant Subsidiaries |
Note 26:
Significant Subsidiaries
As at October 31, 2018, the
bank, either directly or indirectly through its subsidiaries,
controls the following significant operating
subsidiaries.
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| Significant subsidiaries (1)(2) |
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Head or principal office |
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Book value of shares owned by the bank
(Canadian $ in millions)
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Bank of Montreal Capital Markets
(Holdings) Limited and subsidiaries, including:
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London, England |
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332 |
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BMO Capital Markets
Limited
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London, England |
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Pyrford International
Limited
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London, England |
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Bank of Montreal (China) Co.
Ltd.
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Beijing, China |
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448 |
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Bank of Montreal Holding Inc. and
subsidiaries, including:
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Toronto, Canada |
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29,028 |
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Bank of Montreal Mortgage
Corporation
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Calgary, Canada |
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BMO Mortgage Corp.
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Vancouver, Canada |
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BMO Investments Limited
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Hamilton, Bermuda |
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BMO Reinsurance Limited
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St. Michaels, Barbados |
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BMO Nesbitt Burns Holdings
Corporation
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Toronto, Canada |
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BMO Nesbitt Burns Inc.
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Toronto, Canada |
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BMO Investments Inc.
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Toronto, Canada |
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BMO InvestorLine Inc.
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Toronto, Canada |
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Bank of Montreal Ireland
plc
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Dublin, Ireland |
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1,022 |
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BMO Financial Corp. and subsidiaries,
including:
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Chicago, United States |
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21,893 |
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BMO Asset Management Corp. and
subsidiaries
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Chicago, United States |
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BMO Capital Markets Corp.
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New York, United States |
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BMO Harris Bank National Association
and subsidiaries, including:
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Chicago, United States |
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BMO Harris Investment Company
LLC
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Las Vegas, United States |
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BMO Harris Financial Advisors,
Inc.
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Chicago, United States |
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BMO Harris Financing, Inc. and
subsidiaries
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Chicago, United States |
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CTC myCFO, LLC
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Palo Alto, United States |
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BMO Global Asset Management (Europe)
Limited and subsidiaries, including:
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London, England |
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692 |
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BMO Asset Management (Holdings) plc
and subsidiaries (3)
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London, England |
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BMO Life Insurance Company and
subsidiaries, including:
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Toronto, Canada |
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1,195 |
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BMO Life Holdings (Canada),
ULC
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Halifax, Canada |
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BMO Life Assurance Company
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Toronto, Canada |
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BMO Trust Company
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Toronto, Canada |
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768 |
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BMO Trustee Asia Limited
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Hong Kong, China |
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2 |
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LGM (Bermuda) Limited and
subsidiaries, including:
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Hamilton, Bermuda |
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147 |
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BMO Global Asset Management (Asia)
Limited
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Hong Kong, China |
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LGM Investments Limited
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London, England |
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(1) |
Each
subsidiary is incorporated or organized under the laws of the state
or country in which the principal office is situated, except for
BMO Financial Corp., BMO Asset Management Corp., BMO Capital
Markets Corp., BMO Harris Financial Advisors, Inc., BMO Harris
Financing, Inc., and CTC myCFO, LLC, which are incorporated under
the laws of the state of Delaware, United States. BMO Asset
Management (Holdings) plc is incorporated under the laws of
Scotland.
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(2) |
Unless
otherwise noted, the bank, either directly or indirectly through
its subsidiaries, owns 100% of the outstanding voting shares of
each subsidiary.
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(3) |
Effective
October 31, 2018, F&C Asset Management plc changed its name to
BMO Asset Management (Holdings) plc.
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Significant
Restrictions
Our ability to transfer funds between
our subsidiaries may be restricted by statutory, contractual,
capital and regulatory requirements. Restrictions
include:
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Assets
pledged as security for various liabilities we incur. Refer to
Note 24 for details.
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| • |
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Assets of
our consolidated structured entities that are held for the benefit
of the note holders. Refer to Note 7 for details.
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Assets
held by our insurance subsidiaries. Refer to Note 12 for
details.
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Regulatory and statutory requirements that reflect capital and
liquidity requirements. Refer to Note 19 for
details.
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Funds
required to be held with central banks. Refer to Note 2 for
details.
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