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Bank of Montreal
Symbol BMO
Shares Issued 647,872,286
Close 2021-09-20 C$ 125.11
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Globe says BMO loses "forward-thinking" Rotenberg

2021-09-21 08:59 ET - In the News

The Globe and Mail on Tuesday continues its fascination for the career moves of Canada's big bank employees. The Globe's Clare O'Hara writes that Bank of Montreal wealth management head Joanna Rotenberg has joined Fidelity Investments in the United States. Ms. Rotenberg will replace Kathy Murphy as the head of Fidelity's $4.1-trillion (U.S.) personal investing division at the end of November. Ms. Murphy had earlier announced her decision to step away from the role before the end of the year. After more than 11 years with BMO, Ms. Rotenberg was one of its more prominent executives, having led the bank's wealth management arm since 2016. Prior to BMO, she spent a decade working at consulting giant McKinsey & Company, where she was a partner. Ms. Rotenberg will report directly to Fidelity's chairman and chief executive officer, Abigail Johnson, and join the Fidelity operating committee. "Joanna brings to Fidelity a forward-thinking, results-driven approach and a passion for the digital experience," Ms. Johnson cooed in a statement. "She will help us accelerate our digital operating model for the benefit of current clients, as well as the next generation of Fidelity customers." Fidelity boasts 18,000 employees.

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