Monday, November 23, 2009 10:20 AM
BMO builds mining sales team
Andrew Willis
At the heart of a market-leading mining franchise at BMO Nesbitt Burns is the investment dealer’s strong, focused U.S. equity sales desk.
For a generation, BMO Nesbitt Burns has fielded a team of Manhattan-based stock jockeys who excel at moving mining stocks to global institutional clients. That group, backed by strong research analysts and an annual conference that attracts every mining CEO on the planet, translates into strength that pays off in a number of ways, including institutional trading and corporate finance work.
Last week saw BMO Capital Market, the Bank of Montreal’s BMO-T U.S. investment dealer arm, reinforce that New York equity desk at the expense of rival RBC Dominion Securities.
Chris Kwan joined BMO Capital Markets as a managing director and global mining specialist in Manhattan, after a stint at RBC Dominion. This move was first reported on the Bill’s Buzz blog run by executive search firm Vlaad and Co .
Mr. Kwan arrives after BMO Capital Markets said farewell in August to veteran equity salesman Mike Vitton, an expert in the mining and energy stocks and the head of the desk. He worked at the investment dealer for 25 years, and is now serving on boards and making private investments.