The Financial Post reports in its Friday edition that Bank of Montreal has hired Joe Kostandoff from CIBC to co-lead its equity capital markets division as long-time leader Peter Miller moves into a vice-chair role. A Bloomberg dispatch to the Post says that Mr. 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. The memo was sent by Carrie Cook, global head of investment and corporate banking. Mr. 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. Eric Benedict will continue in his role as co-head of global ECM.