Friday, December 17, 2010

MU Alumnus Worked on the Deal Team That Helped the Bank of Montreal Acquire Marshall & Ilsley

Earlier today it was announced that the Bank of Montreal agreed to buy Milwaukee-based Marshall & Ilsley Corp. for about $4.1 billion in stock to double its U.S. deposits and branches in the largest takeover by Canada’s fourth-biggest bank. Ryan Loftus (MU '00) is an Executive Director of J.P. Morgan's Investment Banking Financial Institutions Group in the Corporate Finance Advisory Services area.

 
Ins and Outs of Wall Street Presenters

Dr. David Krause, AIM program director said, "In October during our New York City visit we had the opportunity to go to JPM and meet with Ryan. When he talked about his responsibilities it came as no surprise to me when I heard that he was a key part of the team that worked on the BMO / M&I deal. Our experiences with J.P. Morgan have been outstanding and we recognize what an incredible talent pool that firm possesses. Ryan has been helpful in mentoring and advising our AIM students the past several years - and he has been an important participant in the annual "Ins and Outs of Wall Street" event we hold on campus each spring. I look forward to talking with Ryan and learning  more about some of the transactions he has helped to bring to closure." Read about the visit to JPM at this link.


The Bank of Montreal will pay 0.1257 of its own share for each share of Marshall & Ilsley, the Toronto-based bank said today in a statement. The deal values M&I at $7.75 a share, 34 percent higher than yesterday’s closing price of $5.79 on the New York Stock Exchange. This allows BMO to expand and grow it's Midwest presence.


"When we visited JPM in October, Ryan did an excellent job talking about his work in the investment bank's Financial Institutions Group," Dr. Krause added. "I believe the students now have a much better understanding of the type of deals Ryan works on. This is likely to be an extremely important transaction for BMO and M&I - organizations where we we have a significant number of Marquette alumni working."

Ryan Loftus was also a part of the video-conference we held with our Wall Street alumni this fall - read about the event at this link.