HONG KONG, Nov 11 (Reuters) - Bank of Montreal
The bank also intended to almost quadruple its staff count in Asia to under 1,000 from about 250, the president of BMO's Asian operations, Albert Yu, said in an interview.
"I don't believe the Asian financial industry is saturated," Yu said. "The market is huge and growing quickly, and I believe it is big enough to absorb new players even if there are one or two sectors that are overheating."
Many foreign banks looking to diversify outside of their slow-growing home markets want to expand in China and other emerging markets such as India, triggering a bidding war on salaries for talent in the sector. (Reporting by Kelvin Soh and Michelle Chen; Editing by Chris Lewis)