Ray O’Kane, Managing Director and Head of Retail Automotive Finance
In order to provide an enhanced customer experience — one that’s more closely aligned with the Canada-U.S. marketplace, BMO has announced the formation of a new consolidated Automotive Finance Group.
This new structure is designed to provide dealerships with a full spectrum of BMO customized financial solutions to support clients’ businesses more effectively. The group has offices across the country (Vancouver, Calgary, Edmonton,Toronto, Ottawa, Montreal, Quebec City, Halifax and St. John).
The new group brings together Retail and Commercial Automotive Finance operations and will provide a more integrated approach to serving the growing number of BMO clients.
Heading this group is Robert Sadokierski, who joined the bank in 1998 and has held a variety of positions in both the Corporate Finance and Diversified Industries departments. Since 2006, he has led the Commercial Automotive Finance organization through a period of sustained growth and outstanding customer satisfaction.
Oversight of the retail business and OEM relationships will continue to be led by Ray O’Kane, Managing Director and Head of Retail Automotive Finance. “We will be leveraging the existing strengths and resources of both teams in order to provide our customers with fully integrated automotive finance solutions and market leading services,” remarked O’Kane. “Our holistic approach to developing an overall plan will result in deeper and more meaningful conversations that can effectively address all aspects of a dealer’s business, as well as their personal objectives.”
BMO’s consolidated Retail and Commercial Automotive Finance Group has been positioned to offer customized services which include: Operating Lines, Inventory Financing, Term Loans, Real Estate Financing, Risk Management and Cash Management Solutions. BMO is also able to provide support for specialized customer needs, such as Growth Capital, Buy/Sell Advisory Services and Syndicated Loans. Also, through its U.S. based subsidiary, BMO Harris Bank, BMO can provide full cross-border banking services.
For dealerships’ Finance & Insurance offices, BMO provides competitive and flexible retail auto loans for end users. According to J.D. Power & Associates, BMO has received the highest customer satisfaction levels of all banks in Canada, three years running.
“Our goal is simple: make it as easy as possible for OEM’s, dealerships and retail customers to do business with us,” said Robert Sadokierski. “These changes are designed to build on the knowledge and strengths of the BMO team and simultaneously serve to reinforce the Bank’s commitment to the automotive sector as a dependable, consistent leader which has been in place for over 40 years.”
