BMO appoints new head of wealth management division

CEO praises wealth leader for his technical expertise and track record as a visionary strategist

BMO appoints new head of wealth management division

Deland Kamanga has been named the new Group Head, BMO Wealth Management and joins the bank's Executive Committee. His new role starts November 1.

Kamanga will lead the strategic direction of BMO Wealth Management, including Private Wealth Canada (BMO Nesbitt Burns and the Private Banking), U.S. Wealth Management, BMO Global Asset Management, BMO InvestorLine and BMO Insurance.

Kamanga started his career with BMO Nesbitt Thomson in 1991, and since 2006 has served clients and led teams throughout BMO Capital Markets, including Structured Products, and as Head of Fixed Income, Currencies and Commodities.  He has overseen innovative product development, the acquisition of KGS-Alpha and Clearpool, and the implementation of large-scale technology and data strategies.  Most recently, as Head of Global Markets, he led a high-performing team delivering markets-based solutions for corporate, institutional and government clients.

"I have very high confidence in the future of BMO Wealth Management under Del's leadership. Wealth Management is well-positioned for growth – and we are investing to achieve it," said Darryl White, CEO, BMO Financial Group.  "Del's client focus, technical expertise, track record as a visionary strategist, and personal brand as a values-based manager defines his leadership."

Kamanga also serves on the BMO Capital Markets Diversity, Equity & Inclusion Committee and is an Executive sponsor of Women in Capital Markets Return to Bay Street Program, BMO Black Professionals Network Canada, and BMO's Black and Latino Advisory Council.  He was recently awarded the prestigious 2021 Catalyst Champion Award in recognition of his trailblazing work accelerating progress for all women through workplace inclusion. He is also a member of the SickKids Board of Trustees in Toronto. 

In other appointments, Sharon Haward-Laird, General Counsel of BMO Financial Group, will be designated as the bank's Executive Committee Sponsor for three areas of focus: Sustainability, the BMO for Women program, and Digital Currency.

Meanwhile, Dan Goldman and Levent Kahraman have been appointed Co-Heads of Global Markets. They will oversee all aspects of BMO's leading market insights, risk management, best-in-class execution services and access to major markets across asset classes including debt, foreign exchange, interest rate, credit, equity, securitization, and commodities.

These appointments are also effective November 1, 2021.