Canada's Bank of Montreal expands from Abu Dhabi hub in pursuit of business with Middle East sovereign wealth funds | The National:
"Bank of Montreal plans to use its office in Abu Dhabi as a hub to expand its investment banking business in the region.
Canada’s fourth largest bank has spotted an opportunity as more regional sovereign wealth funds seek alternatives to the traditional havens of the United States and Europe in the developed world.
Kevin Lynch, a Bank of Montreal vice chairman, said most investment funds went into Europe and the US before the global financial crisis in 2008.
“Right now we want to grow from here and serve the region. We think this is an excellent place to be located,” Mr Lynch said last week. “What Abu Dhabi offers is a perfect match for us. We’d rather grow in one place and travel around the region.”"
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