Bank of Montreal named Lyle Wilpon, a former executive with Bank of America Corp. (BAC:US)’s Merrill Lynch unit, to head its mergers-and-acquisitions business in the U.S.
Pav Jordan, a spokesman for the Toronto-based firm, confirmed the appointment. Wilpon takes over from Scott Humphrey, who also runs the industrial group and now will focus solely on that sector, Jordan said. Wilpon was hired last month and takes sole responsibility for the unit this week.
Wilpon was most recently a managing director at New York investment bank Houlihan Lokey after more than a decade at Merrill Lynch and Bank of America, where he ran the firm’s middle-market M&A group, according to a statement last February. Before joining Merrill Lynch in 1999, he was a health-care banker at Credit Suisse First Boston, according to the statement. Charlotte, North Carolina-based Bank of America acquired Merrill Lynch in 2009.
Bank of Montreal (BMO) also named Jon Marinelli head of U.S. energy banking, replacing Tod Benton, who was promoted to vice chairman, Jordan said. Mark Decker Sr., head of the real estate, lodging and leisure banking team, was also promoted to vice chairman and will be replaced by his son, Mark Decker Jr., according to Jordan.
The Wall Street Journal reported the moves earlier today.
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