News

BMO hires Asian private bank chief

HiredBMO Financial Group has hired Monique Chan as chief executive of its Asian private banking business. She joins from Edmond de Rothschild Group, where she was chief executive and head of Asia.

Chan is charged with bringing on new clients and linking up BMO Private Bank Asia with other divisions at the company such as the capital markets and asset management businesses.

Chan spent 15 years of her career at HSBC, including as chief executive of HSBC Private Bank's Hong Kong branch. She has a degree from the University of Hong Kong and obtained an MBA from the University of New South Wales.

BMO Private Bank Asia offers financial products and services from offices in Hong Kong and Singapore. Its parent company, the Bank of Montreal, says it is the only Canadian and one of only three North American banks with an established subsidiary in mainland China.

BMO has various holdings in Asia including a 28% stake in Shanghai-based asset manager, Fullgoal Fund Management.

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