The transaction, announced June 29, 2026, is expected to close in the fourth quarter of the year, pending shareholder and regulatory approvals. While BMO will absorb the capital markets segment, Euroz Hartleys’ private wealth business will remain independent, operating instead under a strategic alliance designed to maintain research and distribution collaboration between the two firms.

Approximately 40 Euroz Hartleys staff members are slated to join BMO Capital Markets upon completion of the deal. This move bolsters BMO's existing Australian presence, which has been established since 2004, and positions the bank to better connect North American and European investors with the Australian mining sector. Carrie Cook, Global Head of Investment and Corporate Banking at BMO, described the acquisition as a strategic evolution aimed at providing clients with seamless access to capital as formation patterns continue to shift globally. Euroz Hartleys Executive Chairman Andrew McKenzie noted that the combination provides his firm’s clients with an immediate link to a leading global franchise, enhancing international reach for Australian companies.