Nesbitt, Thomson and Company
Encyclopedia
Nesbitt Thomson and Company is a former Canadian
stock brokerage
firm founded in 1912 by Arthur J. Nesbitt
and Peter A. T. Thomson. The company was headquartered on St. James Street
in Montreal, Quebec and its success helped make the area the financial centre of Canada
.
In 1987, Nesbitt Thomson was acquired by the Bank of Montreal
with Brian J. Steck appointed its President and CEO. In 1994, the firm was merged with Burns Fry Ltd. to create the Nesbitt Burns Inc. entity now operating as BMO Capital Markets
and BMO Nesbitt Burns
, wholly owned subsidiaries of the Bank of Montreal Financial Group
.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
stock brokerage
Stock broker
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...
firm founded in 1912 by Arthur J. Nesbitt
Arthur James Nesbitt
Arthur James Nesbitt was a Canadian businessman and philanthropist who was a cofounder of Nesbitt, Thomson and Company stockbrokerage and the Power Corporation of Canada....
and Peter A. T. Thomson. The company was headquartered on St. James Street
Saint Jacques Street
Saint Jacques Street is a major street in Montreal, Quebec, Canada.The street has had two official names: St. James Street in English after St. James's, London; and its current appellation, rue Saint-Jacques, in French. Both names are sometimes used in English, though Saint-Jacques is the most...
in Montreal, Quebec and its success helped make the area the financial centre of Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
In 1987, Nesbitt Thomson was acquired by the Bank of Montreal
Bank of Montreal
The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
with Brian J. Steck appointed its President and CEO. In 1994, the firm was merged with Burns Fry Ltd. to create the Nesbitt Burns Inc. entity now operating as BMO Capital Markets
BMO Capital Markets
BMO Capital Markets is a North American financial services provider that offers corporate, institutional and government clients access to a complete range of products and services...
and BMO Nesbitt Burns
BMO Nesbitt Burns
BMO Nesbitt Burns is a Canadian investment firm. Since its formation in 1912, BMO Nesbitt Burns and its predecessor companies have offered aid to investors in meeting their financial goals. In August 1987 the Bank of Montreal took advantage of new banking regulations to acquire Nesbitt Thomson,...
, wholly owned subsidiaries of the Bank of Montreal Financial Group
Bank of Montreal
The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
.