BMO Announces Retirement Of Dan Barclay, Names Alan Tannenbaum CEO, BMO Capital Markets
Portfolio Pulse from Benzinga Newsdesk
BMO Financial Group has announced the retirement of its CEO & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum as his successor. The changes will be effective from November 1, 2023. Tannenbaum will lead BMO Capital Markets and provide strategic direction on global markets and investment and corporate banking customer segments. He will be succeeded in his current role by Brad Chapin, who will serve as Interim Global Head, Investment & Corporate Banking.
October 10, 2023 | 8:29 pm
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BMO Financial Group's CEO & Group Head, Capital Markets, Dan Barclay is retiring and will be succeeded by Alan Tannenbaum. The change is effective from November 1, 2023.
Leadership changes can have a significant impact on a company's strategy and operations. However, as the new CEO, Alan Tannenbaum, is an internal appointment and has held multiple leadership roles at BMO, the transition is likely to be smooth. Therefore, the short-term impact on BMO's stock is expected to be neutral.
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