Each week, Investment Executive summarizes notable moves across the financial industry.

  • Dan Barclay, CEO and group head of capital markets with BMO Financial Group, will retire on Nov. 1, after five years in the role. He has been with the bank for more than 20 years, and has more than three decades of banking industry experience. He’ll become senior advisor to the CEO. Taking his place in that leadership position, effective on the same day, will be Alan Tannenbaum who’s currently head of global investment and corporate banking with BMO Capital Markets. Tannenbaum took on his current role in 2021 but first joined BMO in 2010, and he has more than 25 years of experience. Brad Chapin will assume Tannenbaum’s role on an interim basis. A release stated that Tannenbaum will aim to “capture new growth opportunities for BMO Capital Markets.”
  • Institutional fixed income and alternatives asset manager SLC Management has announced changes to its private fixed income team, based on the retirement of Sam Tillinghast, head of private fixed income, effective Dec. 31. Starting Jan. 1, 2024, the team will be led by co-heads Andrew Kleeman (who’s currently senior managing director and head of corporate private placements) and Elaad Keren (currently senior managing director and head of private fixed income portfolio management). Kleeman will oversee corporate credit and infrastructure debt, while Keren will handle structured credit and portfolio management for the team. The two men first joined SLC Management in 2018 and 2019, respectively. Two other shifts within the team will take place in the new year: Liz Thorne (currently managing director for private fixed income and ESG) will guide the corporate private placements team, while Petra Wendroth (managing director and portfolio manager for private fixed income) will work on portfolio management for clients in the U.S. and Canada. Thorne first joined the company in 2016, while Wendroth joined in 2012.
  • Shane Silverberg, senior wealth advisor and portfolio manager, has moved his practice and team to CG Wealth Management Canada in Waterloo, Ont. He has nearly two decades of industry experience and most recently worked with RBC Dominion Securities for more than 10 years, building Silverberg Capital Management. A statement from CG Wealth said Silverberg appreciated its “strategic ambitions” and that his clients include professionals in the oil and gas, technology and medical professionals.
  • Annie Sinigagliese, who’s been an advisory board member with Montreal-based Berkindale Analytics for several years has now joined that technology consulting firm as a special advisor. She comes from Croesus where she was vice-president and chief product officer for nearly two years. Throughout her decades-long career, she’s worked with organizations such as the former Investment Industry Regulatory Organization of Canada, the Montreal Exchange, National Bank Financial and the Investment Industry Association of Canada.
  • Dean Connor, director of the Canada Pension Plan Investment Board (CPPIB) since August 2021 will be chair of the CPPIB for a three-year term, effective Oct. 27. Director changes include the appointment of Nadir Mohamed as well as the reappointments of Ashleigh Everett, John Montalbano, Mary Catherine Phibbs and Boon Sim; all for three-year terms.
  • Mark Podlasly will join CIBC’s board of directors, effective Nov. 1. Podlasly will be the 14th member. He’s the chief sustainability officer at the First Nations Major Projects Coalition, and chair of the First Nations Limited Partnership.
  • The Capital Markets Tribunal, an independent division of the Ontario Securities Commission, has named two new adjudicators: Mary Condon, professor of law at Osgoode Hall Law School, York University; and Jane Waechter, who brings more than 25 years of litigation and financial services industry experience that included roles with Royal Bank of Canada, Bank of Montreal and the OSC’s enforcement branch. They’ll each serve two-year terms, effective Sept. 28.
  • Julia Mackenzie is now manager of public relations with FAIR Canada, moving from her role as manager of public affairs with the Canadian Investment Regulatory Organization.
  • Following Éric Provost‘s recent appointment as president and CEO with Laurentian Bank, further executive shifts have been announced. Sébastien Bélair is becoming chief operating officer, a role that now includes product and digital development oversight. This marks an expansion of his duties; he’s served as chief human resources officer since 2021 and was appointed chief administration officer in September. Thierry Langevin is joining the bank’s executive committee as executive vice-president, commercial banking, but he’ll also remain as president of equipment financing division LBC Capital. Sophie Boucher (who was vice-president, commercial and syndication) has been promoted to senior vice-president, and head of personal banking and small-medium enterprises. This is only “the first step” by Provost, said a release from the bank that promised more strategic details throughout 2024.

If you know of other people moves in the financial industry or would like us to consider your announcement, email Katie Keir at katie@newcom.ca.