The Globe and Mail reports in its Friday edition that Bank of Montreal wealth management head Joanna Rotenberg is leaving the bank to take a new job. The Globe's James Bradshaw and Clare O'Hara write that BMO chief executive officer Darryl White told staff in an internal memo that Ms. Rotenberg is stepping down "to pursue another opportunity," after she informed the bank of her decision this week. Ms. Rotenberg's new role has not yet been announced, but Mr. White said she will help with a transition over the coming weeks and that he expects to announce her successor "in the near future." Until then, the bank's senior leaders in wealth management will report directly to him. "She will be missed around the leadership table," Mr. White said in the memo. Ms. Rotenberg led the bank's wealth management arm since 2016. She spent 11 years at the bank after working for a decade at consulting giant McKinsey & Co., where she was a partner. Over the past five years, Ms. Rotenberg played a pivotal role in growing the bank's wealth management segment through both BMO Nesbitt Burns, a full service advisory business, and BMO InvestorLine, a direct investing brokerage. BMO closed Thursday at $128.80, up 42 cents in Toronto.
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