The head of Bank of Montreal's (BMO.TO) investment bank unit spoke out on Wednesday in favor of the planned takeover of TMX Group (X.TO) by the London Stock Exchange (LSE.L), saying the deal would result in more capital flows to Canada and would not hurt Canada's regulatory oversight of its own markets. "I am convinced this transaction will benefit our industry," Eric Tripp, president of BMO Capital Markets, said in prepared remarks to be delivered at provincial hearings on the LSE-led takeover. BMO is acting as an advisor to TMX, operator of the Toronto Stock Exchange, on the transaction. (Reporting by Cameron French, Pav Jordan, and Claire Sibonney; editing by Peter Galloway)
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