BMO appoints new wealth management head

BMO Financial Group announced a new head of wealth management and other executive appointments on Friday.

Deland Kamanga has been appointed group head, wealth management, and joins the bank’s executive committee to lead the strategic direction of BMO Wealth Management, including Private Wealth Canada (BMO Nesbitt Burns and Private Banking), U.S. Wealth Management, BMO Global Asset Management, BMO InvestorLine and BMO Insurance.

Kamanga started his career with BMO Nesbitt Thomson in 1991, and most recently served as the bank’s Head of Global Markets, a release said.

He also serves on the BMO Capital Markets Diversity, Equity & Inclusion Committee and is an executive sponsor of Women in Capital Markets’ Return to Bay Street Program, BMO Black Professionals Network Canada and BMO’s Black and Latino Advisory Council.

“I have very high confidence in the future of BMO Wealth Management under Del’s leadership,” said Darryl White, CEO, BMO Financial Group, in the release. “Del’s client focus, technical expertise, track record as a visionary strategist, and personal brand as a values-based manager defines his leadership.”

Dan Goldman and Levent Kahraman have been appointed co-heads of Global Markets, replacing Kamanga.

In addition, Sharon Haward-Laird, general counsel of BMO, has been named the bank’s executive committee sponsor for Sustainability, the BMO for Women program and Digital Currency.

All appointments are effective Nov. 1.

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