Bloomberg News

Bank of Montreal Hires White From Canada’s Banking Regulator

October 19, 2011

Oct. 19 (Bloomberg) -- Bank of Montreal said it hired Mark White, assistant superintendent of Canada’s main banking regulator, to help oversee the bank’s capital management efforts.

White starts Nov. 1 as senior vice president of capital management and optimization. He’ll be in charge of the strategic management of enterprise capital for Canada’s fourth-biggest bank, the Toronto-based lender said today in an internal memo confirmed by Paul Deegan, a company spokesman.

“Mark White brings deep bank capital-management expertise to the role and has a broad perspective on the emerging global regulatory framework,” Deegan said.

The Office of the Superintendent of Financial Institutions said June 14 that White will leave Oct. 31 and begin work at a “federally regulated financial institution” the next day.

--Editor: Dan Reichl.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net.

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.


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