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(Fred Lum/The Globe and Mail)

BMO hires co-head of U.S. industrials

Bank of Montreal is shuffling leadership of its U.S. investment banking teams, hiring a banker from Jefferies & Co. to co-head the industrials group.

BMO added Sean Sullivan as co-head of U.S. industrials, based out of New York and Chicago. Mr. Sullivan will eventually take over as sole head of the industrials team, replacing Scott Humphrey, who is switching to a U.S. investment and corporate banking role.