Pedestrians walk past offices for the Bank of Montreal in Toronto.
Bank of Montreal has named Luke Seabrook the new chief operating officer of its capital markets division, promoting him from his current role as the global head of trading products.
Mr. Seabrook, who joined BMO back in 2004 and has held various roles on the trading floor, will now oversee the risk, balance sheet and regulatory compliance functions at BMO Capital Markets, the bank said Thursday in a statement. His appointment underscores the growing importance of risk management in the post-crisis era.
In recent years, the COO role in BMO's capital markets business has been a stepping stone for career advancement at the bank.
Patrick Cronin held this COO position until he was promoted to group head of BMO Capital Markets in November. Mr. Cronin took the reins from Darryl White, who was appointed to be the COO of the entire bank and is seen as a leading contender to be the next chief executive officer at Canada's fourth-largest lender.