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Place For WomenBMO Financial Group sells Hong Kong and Singapore PB business J Safra Sarasin Group has agreed to buy the private banking business of BMO. Private Swiss bank J. Safra Sarasin Group reported it has completed the acquisition of the Bank of Montreal's (BMO) Private Banking Business in. TORONTO - BMO Financial Group says it has signed a deal to sell its private banking business in Hong Kong and Singapore to J. Safra Sarasin.