Jacques Ménard has been doing triple responsibility at Financial institution of Montreal in Quebec. For years he’s had lead roles at BMO Nesbitt Burns, BMO Monetary Group and BMO Capital Markets, which required fairly the balancing act.
To lighten his work load, Luc Bachand has been named the brand new head of BMO Capital Markets in Quebec and can report as much as Tom Milroy. Mr. Bachand has ample experience. For 10 years, from 1996 to 2006, he lead the supplier’s investment and company banking providers in Quebec, and he’s been a vice-chair since 2006.
Going ahead, he will take his expertise on the banking side and use it to broaden BMO’s footprint in the province, which includes full-fledged operations in foreign alternate, fastened-revenue and sales. BMO should also see good worth in the relationships he’s fostered, as a result of Quebec enterprise operates a lot otherwise than the rest of Canada.
Mr. Bachand thinks good things will come from Quebec in the near future. Talking to CEOs, he’s heard information that were put on the shelf for the past two or three years are coming again to life, he mentioned in an interview Friday. He also mentioned corporate steadiness sheets are in good shape as a result of companies have been hoarding cash, which may bode nicely on the acquisitions front.
Mr. Bachand burdened that Quebec is a crucial region for BMO, which has a history within the province that features the merger of Nesbitt Thomson and Burns Fry.
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