is expanding the leadership team for its private wealth business in Canada with two new co-heads who will oversee the banks’ investment advisers and private banking team.
“BMO’s Canadian Private Wealth business is a driving force of the bank’s strategy and we look forward to innovating and advancing the business under Meghan and Geoff’s experienced leadership,” BMO Wealth Management group head Deland Kamanga said in an statement. The collaboration of investment advisers and private bankers is a strategy being implemented across all of the Big Six banks as wealth managers compete to grab a greater market share of high-net-worth clients - or individuals with investable assets of $1-million or more.
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I get a kick of BMO - Bank Montreal Of.