BMO Financial Group has completed its acquisition of the capital markets business of Euroz Hartleys for A$145m in cash, the Canadian bank and the Perth-based firm said on 1 and 2 November 2026.
Why BMO Financial Group (via BMO Australia Pty Limited) is buying Euroz Hartleys capital markets business
BMO said the deal strengthens its global metals and mining franchise and expands BMO Capital Markets' presence in Australia, where it has operated since 2004 from Melbourne. The acquired team, based in Perth, covers equities research, institutional sales and trading, equity capital markets, M&A and strategic advisory.
“The sale of our Capital Markets business to BMO is a defining moment for Euroz Hartleys.”
Deal terms and financing
Euroz Hartleys sold the business through its subsidiary Euroz Hartleys Limited to BMO Australia Pty Limited for A$145m in cash, subject to completion adjustments. It plans to return the post-tax net proceeds through a fully franked special dividend and an equal capital return, expected to total about 61.4 cents a share.
Market context
Euroz Hartleys now operates as an ASX-listed private wealth business under the Euroz Hartleys and Entrust brands, with about A$5bn of funds under management and around 60 advisers. A strategic alliance with BMO and trading, clearing and settlement arrangements began on completion.
