TORONTO, Feb 9 (Reuters) - Bank of Montreal has named Catherine Blaesing and Jerome Doucet as co-heads of global corporate banking within its capital markets team, an internal memo from Carrie Cook, its global head of investment and corporate banking, shows.
BMO is focused on strengthening its business in the United States and improving profitability as it looks for opportunities outside of its Canadian home market.
Here are some details:
* Blaesing and Doucet will be responsible for growing BMO'scorporate banking franchise. * Blaesing, who joined BMO in 2001, previously led itscorporate banking diversified industries teams across NorthAmerica in food, consumers and retail, industrials, tech andCanadian diversified and financial institutions. * Doucet, a veteran with 30 years' experience in corporatebanking, joined BMO in 2017. He most recently was head of globalnatural resources corporate banking. * Blaesing and Doucet, who will report to Cook, arereplacing Brad Chapin, who retired on January 31. * Separately, Kim Prado, formerly CIO of U.S. CapitalMarkets, has left BMO, an internal memo seen by Reuters shows * Prado and four others left BMO after it brought in a newoperating model, which includes simplifying processes. * BMO declined to comment.(Reporting by Nivedita Balu in Toronto; Editing by Alexander Smith)
By Nivedita Balu
