BMO Global Asset Management creates new role

The global investment manager has appointed the lead for its newly created global alternatives business.

Stewart Bennett has been named in the newly created role of global head of alternatives.

In the role, Bennett will be responsible for overseeing the firm's newly formed global alternatives offering which incorporates its existing private equity, real estate and real estate securities businesses.

Bennett, who is based in London, will develop and execute global growth strategy for BMO's alternative investments. He will report to BMO chief executive Kristi Mitchem.

Bennett has 25 years' experience in investment banking and private equity, including 10 years as partner and head of the Financial Institutions Group at Ondra Partners - a London based independent investment banking firm. He was also managing director at Dresdner Kleinwort.

Mitchem said of Bennett's appointment: "In Stewart, we have a highly experienced financial services professional who has been given a mandate to develop and execute an evolved and expanded strategy, through an understanding of our clients' alternative investment needs and by building and providing world leading capabilities.

"We are very much looking forward to working with him at this exciting time in BMO Global Asset Management's trajectory."

The launch of BMO's new global alternatives offering is connected to the retirement of Nick Criticos from BMO Real Estate Partners after 20 years, 10 of which he served as chief executive.

Mitchem said: "Nick has been instrumental in transforming and growing our real estate business; he has been a much-respected leader and colleague and we wish him the very best for his retirement."

BMO says that the new structure will not impact regionally aligned teams or existing investment processes.

Read more: BMO Global Asset ManagementLondonStewart BennettKristi MitchemNick CriticosBMO Real Estate PartnersDresdner KleinwortFinancial Institutions GroupOndra Partners
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