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Bank of Montreal
Symbol BMO
Shares Issued 647,242,067
Close 2021-06-29 C$ 126.60
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BMO Asset Management appoints Adatia as CIO

2021-06-29 13:08 ET - News Release

Ms. Kristi Mitchem reports


Bank of Montreal's BMO Asset Management (BMO AM) has appointed Sadiq S. Adatia as chief investment officer. He will start his new role on July 14, 2021, and report to Kristi Mitchem, chief executive officer, BMO Global Asset Management.

Mr. Adatia will join BMO AM Canada's executive committee and be responsible for investment strategy and risk management. He will oversee the investment team on asset allocation and portfolio structure, and finance strategies across all traditional asset classes and investment functions, including trading, portfolio analytics and investment governance.

"We are delighted to have Sadiq join Team BMO," said Ms. Mitchem. "Sadiq's knowledge and expertise will help us deepen our overall advantage in wealth management and grow our asset management business. We look forward to him taking on this important role."

BMO is a recognized leader in exchange-traded funds, having led the market in net inflows for 10 years, with intentions to expand further into the fast-growing alternatives and ESG spaces.

"I look forward to joining BMO. BMO Asset Management is an innovator with a strong client focus and I am excited to being part of a team to support its award-winning products and services," said Mr. Adatia.

Mr. Adatia joins BMO AM from Sun Life Global Investments, where he most recently held the role of chief investment officer. Prior to that, he held investment roles at Russell Investments Canada and Mercer Canada. He holds an honours bachelor of mathematics degree in actuarial science and statistics from the University of Waterloo. He is also a CFA charterholder and is a fellow, both of the Society of Actuaries (investment specialty track) and the Canadian Institute of Actuaries.

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