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Bank of Montreal hired Joe Kostandoff from Canadian Imperial Bank of Commerce to co-lead its equity capital markets division as long-time leader Peter Miller moves into a vice-chair role.
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Kostandoff, who has spent more than two decades at CIBC and was most recently co-head of equity solutions and equity capital markets, is set to join Bank of Montreal in June, according to an internal memo seen by Bloomberg News. The memo was sent by Carrie Cook, global head of investment and corporate banking.
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Miller, who has been co-head of global ECM at Bank of Montreal for 17 years, according to the memo, will become vice-chair of investment and corporate banking with a focus on senior client relationships and strategy.
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Eric Benedict will continue in his role as co-head of global ECM. Both he and Kostandoff will report to Cook, she said in the memo, noting that the changes all take effect June 22.
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Bank of Montreal is holding an investor day Thursday.
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