Euroz Hartleys sells Capital Markets business

Mike Taylor

Managing Editor and Publisher

30 June 2026

Euroz Hartleys is exiting its Capital Markets business and has entered into a sale agreement with BMO Financial Group.

The company has announced to the Australian Securities Exchange that the transaction involves a cash consideration of $145 million and that following completion Euroz Hartleys will continue as a standalone pure play private wealth business operating under the Euroz Hartleys and Entrust brands.

The transaction, when complete, will see Euroz Hartleys in the market for a new chief executive, with Andrew McKenzie and Tim Bunney expected to transition to the Capital Markets business.

However, the ASX announcement said that Euroz Hartleys will enter into a strategic alliance agreement with BMO to preserve the interconnected relationship between the Capital Markets and Private Wealth business and support continued collaboration, research access and distribution opportunities.

The announcement said the transaction is due to complete in the fourth quarter.

Commenting on the deal, Euroz Hartleys executive chair, Andrew McKenzie said it had followed a disciplined negotiation process and would deliver significant and certain value to shareholders.

“Importantly, the strategic alliance with BMO ensures that our Private Wealth and Capital Markets clients will continue to benefit from the deep connectivity between the two businesses that has always been a major strength and point of difference in our client offering,” he said.

BMO Investment and Corporate Banking head, Carrie Cook described the transadtion as a defining step forward in strengthening the firm’s position as the leading metals and mining investment bank globally.

“By combining our global distribution capabilities with deep local expertise in Australia, we are building a more connected platform that will enable clients to access capital and opportunities across markets,” she said.