Bank of Montreal said Dan Barclay is retiring as chief executive officer of BMO Capital Markets, to be replaced by the head of global investment and corporate banking, Alan Tannenbaum.
Barclay, 57, joined Bank of Montreal two decades ago and has been CEO of BMO Capital Markets for five years, and has served on the firm’s executive and operating committees. After a 32-year investment-banking career, including time at Morgan Stanley and Bank of Nova Scotia, he will transition to a role as senior adviser to the CEO effective Nov. 1.
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