Skip navigation
Support
Branches
    News Releases Signup for News Alerts Media Contacts Executive Bios Corporate Fact Sheet BMO Expert Insights
    Navigation skipped
    About BMO

    News Releases

    Harris Nesbitt Expands Equity Research by Hiring Real Estate Team and Capital Goods Analyst

    Harris Nesbitt Expands Equity Research by Hiring Real Estate Team and Capital Goods Analyst

    NEW YORK, August 3 , 2005 – Harris Nesbitt, the U.S. investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), today announced the hiring of a team of equity research analysts to cover Real Estate Investment Trusts (REITs) as well as the recent hiring of a Capital Goods research analyst.

    Joining the firm are senior analysts Paul Adornato and Richard Anderson, covering REITs, and Charles Brady, covering Capital Goods. Mr. Brady is based in the firm's Boston office, while Mr. Adornato and Mr. Anderson, and their research associate Ralph Davies, Jr., are based in New York.

    "In the past four months we've added research coverage in four new sectors or industries," said Jack Blackstock, Head of U.S. Equity Research and Sales, Harris Nesbitt. In addition to REITs and Capital Goods, Harris Nesbitt also expanded into Financial Institutions early this year, and last month added Natural Gas Pipelines to its Energy & Power coverage. Mr. Blackstock noted, "We continue our strategy of broadening our research universe into sectors that are important to our institutional clients and to the markets at large."

    Mr. Adornato and Mr. Anderson join Harris Nesbitt from independent equity firm Maxcor Financial, where they headed the REIT research effort, covering names in Office, Industrial, Storage, Manufactured Homes, Multi-family, Healthcare, and Retail sectors.

    Prior to their work together at Maxcor, Mr. An derson worked at Smith Barney as a senior member of the REIT research team, top-ranked by Institutional Investor. The team originated at PaineWebber, also top-ranked by Institutional Investor, and included Mr. Adornato as a senior member. Mr. Anderson earned his MBA at Monmouth University and his B.S. in Aerospace Engineering at the University of Maryland.

    Previous to Maxcor, Mr. Adornato founded Cobblestone Research, LLC, an independent research boutique. He holds an M.S. from Massachusetts Institute of Technology and a B.A. from Dartmouth College.

    With more than 11 years of experience in equity research, Mr. Brady comes to Harris Nesbitt from Hibernia Southcoast Capital in New Orleans, where he covered Capital Goods and Diversified Industrials since 2003. In May, the 2004 Forbes/StarMine "Best Equity Analyst" survey ranked Mr. Brady as the top stock picker for the Machinery sector. Mr. Brady graduated with a B.S. in Finance from the University of Florida.

    "Our new REIT and Capital Goods coverage will help to underscore our market position as an action-oriented, idea-based research department," added Mr. Blackstock.

    Harris Nesbitt Equity Research now covers more than 275 companies in sectors that also include Business Services, Consumer & Leisure, Food & Agribusiness, Healthcare, Media & Entertainment and Technology & Telecommunications. A complete list of the firm's equity analyst team and coverage universe can be viewed at: http://corporate.bmo.com/research/equities/default.asp?hnnav=1.

    Harris Nesbitt is an investment and corporate bank offering clients access to a full range of products and services including investment and corporate banking, treasury services, market risk management, institutional investing and research. Harris Nesbitt is part of Harris, an integrated financial services organization providing more than 1.5 million personal, business, corporate and institutional clients with banking, lending, investing and financial management solutions. Harris Nesbitt is a member of BMO Financial Group (NYSE, TSX: BMO). For more information, please visit www.harrisnesbitt.com.

    Contacts:
    Kevin Windorf, New York, (212) 885-4111
    Chris Nardella, Chicago, (312) 461-6625
    Kim Hanson, Toronto, (416) 867-3996

    Harris is a trademark used by various financial service providers in the BMO Financial Group, a marketing name used by Bank of Montreal. Banking products and services are provided by Harris N.A. and The Harris Bank N.A. Members FDIC. Insurance and annuities are offered through Harris Bancorp Insurance Services, Inc (HBIS). Securities are provided by Harris Nesbitt Corp (HNC), a registered broker dealer, member NYSE, FINRA and SIPC and Harrisdirect LLC, a registered broker dealer, member FINRA and SIPC. HBIS, HNC and Harrisdirect are wholly owned subsidiaries of Harris Financial Corp. Products offered by HBIS, HNC and Harrisdirect are Not Insured by the FDIC or any Federal Government Agency, Not a Deposit of or Guaranteed by Any Bank or Bank Affiliate, May Lose Value. The purchase of insurance or an annuity is not a condition on any bank loan or service. Financial planning and investment advisory services are provided by Sullivan, Bruyette, Speros & Blayney, Inc., an SEC registered investment advisor. Family office services are provided by Harris myCFO, Inc. Investment advisory services are also offered by Harris myCFO Investment Advisory Services LLC, an SEC registered investment advisor and a wholly-owned subsidiary of Harris myCFO, Inc. Not all products and services are offered in every state and/or location.


    Explore our services

    Security Center

    Ways to Bank

    Customer support
    Branch and ATM Locator

    Disclosure

    Privacy
    Legal
    Security
    Site map
    Careers
    About Our Ads
    Accessibility
    Cookie Usage
    About BMO

    App Store is a service mark of Apple Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. 

    Android, Google Play, and the Google Play logo are trademarks of Google Inc. 

    Banking products and services are subject to bank and credit approval and are provided in the United States by BMO Bank N.A. Member FDIC.

    equal housing lender NMLS 401052

    Notice to Customers  

    To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. L. 107 56 signed into law October 26, 2001) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask you to provide a copy of your driver's license or other identifying documents. For each business or entity that opens an account, we will ask for your name, address and other information that will allow us to identify the entity. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. The information you provide in this form may be used to perform a credit check and verify your identity by using internal sources and third party vendors. If the requested information is not provided within 30 calendar days, the account will be subject to closure.  

    Third party web sites may have privacy and security policies different from BMO. Links to other web sites do not imply the endorsement or approval of such web sites.  

    Please review the privacy and security policies of web sites reached through links from BMO web sites. This information is not intended to be tax or legal advice. This information cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. This information is being used to support the promotion or marketing of the planning strategies discussed herein. BMO Bank N.A. and its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors.