Bank of Montreal near Chinese Fullgoal JV

The Bank of Montreal is negotiating to take an approximately 15% stake in Shanghai-based Fullgoal (Fuguo) Fund Management, according to sources familiar with the deal. "Bank of Montreal will take a small stake sometime in the middle of the year," says a person following the talks. The Chinese and Canadian governments have recently signed a memorandum of understanding, confirming an earlier MOU between Fullgoal and Bank of Montreal.