TECHNOLOGY
TECHNOLOGY
The Bank of Montreal (BMo) is transferring its Chicago-based foreign exchange back-office, and those of its U.S. subsidiary Harris Trust, to its Montreal operations centre, according to bank officials (FX Week, November 21). "Our surveys have shown that by centralising the management and operations of these functions, we've been able to reduce our costs significantly, build a more efficient organisation, and actually improve our customer service," says Karen Metrakos, treasury systems manager
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