Posted on 07/11/09
Going where other bankers fear to go
TORONTO -- When BMO Nesbitt Burns Inc. pressed ahead with plans to open an investment banking office in Mumbai last year, the timing could not have been worse.Lehman Brothers had just collapsed and the global financial system was engulfed in a full-blown crisis. Investment banks around the world were retrenching while BMO was branching out into the notoriously challenging Indian market.
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