Canada’s technology sector is growing quickly and to help companies compete and grow in this burgeoning sector, BMO has introduced its Technology & Innovation Banking Group.
This specialized group will provide advice and funding to companies at every stage of their lifecycle – from startup to post exit or IPO – and is uniquely positioned to help technology and innovation companies, by tapping into BMO’s strong North American presence and by helping them build seamless cross-border operations.
“The technology sector is transforming our country and ensuring the continued success of these companies will be important to helping Canada reach its full economic potential,” said Cameron Fowler, President, North American Personal & Business Banking, BMO Financial Group. “BMO has a strong North American banking business, and customer relationships are at the heart of this strength. We’re here to help entrepreneurs bring new ideas to market, drive innovation and enable established enterprises to reach their full potential and scale.”
Andre Salvi will lead the Technology & Innovation Banking Group. Mr. Salvi has over 20 years of experience in investment banking, private equity and mezzanine financing, emerging payments, partnerships, and strategic investments. He has deep expertise in the sector – having recently led strategic partnerships with FinTech companies for the bank – and his experience includes initial public and secondary offerings, as well as public and private merger and acquisition mandates.
“There is an opportunity to better support the companies, and founders, which are operating in the sector and driving the innovation economy,” said Mr. Salvi. “These companies have diverse needs – including investing, business planning, and wealth management requirements. We bring a bank-wide approach and are excited to make an impact and help the companies in this fast-evolving sector.”
The group will work closely with the BMO Capital Markets and Wealth Management teams, as they continue to support clients by delivering a full range of investment and corporate banking products and services.