BMO Financial Group has hired Kristi Mitchem as CEO of BMO Global Asset Management (BMO GAM), effective 18 March 2019.
She will report to Joanna Rotenberg, group head, BMO Wealth Management. Richard Wilson, CEO of BMO GAM since 2014, has chosen to retire.
Mitchem has an history of leading global teams across all major asset classes through collaborative partnerships with retail and institutional investors and clients. She joins BMO from Wells Fargo, where she was CEO and head of Wells Fargo Asset Management. In that role, she led 28 independent investment teams with approximately $500bn in assets under management. Ms. Mitchem also brings experience from State Street Corporation, BlackRock, and Goldman Sachs. Throughout her career, she has been an advocate for diversity and inclusion.
The changes will position the wealth business for continued global growth, and enable BMO to build on its strategic advantages. BMO also recently announced the creation of BMO Private Wealth Canada and Asia, another example of how BMO is unifying to provide best-in-class service to clients.