BMO hires new head of Asian private banking business

The private banking arm of Bank of Montreal has appointed a new head for its Asia business.   BMO Private Bank which distributes third party funds, has also expressed an interest in distributing mainland funds approved under the Hong Kong-China mutual recognition fund scheme. According to a person close to BMO group, its private banking arm has hired Monique Chan to run the Asia operations, replacing Robert Cormie who resigned in May this year. Chan will come on board later this…