Royal Bank’s top Canadian investment banker joins Bank of Montreal.

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– Carrie Cook, co-head of Canadian investment banking at Royal Bank of Canada (RBC), is leaving to join Bank of Montreal (BMO) as the global head of investment and corporate banking.
– Cook will start in her new role at BMO in April.

Royal Bank of Canada (RBC) is losing one of its co-heads of Canadian investment banking, Carrie Cook, as she departs to take on a more senior role at Bank of Montreal (BMO). Cook, who joined RBC in 2011, will become BMO’s global head of investment and corporate banking in April of this year. Alongside her new position, Cook will also take on the role previously held by BMO Capital Markets CEO, Alan Tannenbaum, before he replaced Dan Barclay as BMO’s capital markets chief in November 2021.

Cook is joining BMO at a challenging time for the capital markets business, as BMO itself cut more than 100 jobs in the division last June, amid declining merger and acquisition activity and volatile equity markets. The move is seen as a way for BMO to bolster its investment and corporate banking divisions and potentially gain an edge over its competitors.

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