BMO Financial Group today announced it is combining its investment and corporate banking business under a new name, BMO Capital Markets.

The new moniker unifies the previous BMO Nesbitt Burns and Harris Nesbitt brands in Canada and the United States, respectively, under a single brand.

BMO says the name change signifies its commitment to provide a full range of capabilities to clients in North America and other key international markets.

“This name change represents the significant lending power, global trading proficiency and innovative investment banking expertise that have long been associated with BMO Financial Group, and communicates the firm’s ability to deliver the full suite of wholesale products and services that define a leading universal investment bank,” said Yvan Bourdeau, CEO, BMO Capital Markets, in a news release.

The new brand encompasses all of the firm’s wholesale banking capabilities, including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, merchant banking, securitization, treasury and risk management, debt and equity research, derivative-based financial products, and institutional sales and trading.

With more than 2,000 employees, BMO Capital Markets is located in 26 cities around the world, including 14 locations in North America and 12 in other major international centres.

The BMO Nesbitt Burns name will remain the brand for BMO’s Private Client Group in Canada and will continue to be used by the firm’s 1,300 plus investment advisors. In addition, the Harris name will remain the brand for BMO’s U.S. retail and private banking operations.