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

  • Rohit Thomas will become president of BMO Insurance effective March 27, as Peter McCarthy transitions from CEO and president of that business to vice-chair. McCarthy has led the bank’s insurance business since 2009, when BMO acquired AIG Life Canada, where he had been president and CEO since 1999. In his new role, McCarthy will “continue to support the bank’s strategic growth plans and enhance critical partnerships,” a release said. Thomas joins BMO from TD Insurance, where he was vice-president of life and health for nearly three years. Prior to that, he worked with BMO for nearly eight years. Thomas and McCarthy will report to Deland Kamanga, group head of BMO Wealth Management, who said in a release that he values the pair’s “collective vision for innovation.”
  • Alexandra Macqueen has been tagged to lead the FP Canada Institute as vice-president of learning, development and professional practice with FP Canada, effective April 1. She’s been director of content development with FP Canada since January 2022 and is a published expert on pensions and financial planning.
  • Luc Bertrand has been nominated as chairman of the board for TMX Group Ltd. He will replace Charles Winograd, who will retire after more than a decade of leadership. Bertrand has been a TMX Group board member since 2011 and was president and CEO of the Montréal Exchange for nine years, among other roles. He’ll resign as vice-chairman of National Bank of Canada, a position he’s also held since 2011, a release said. TMX Group’s annual meeting will be held May 2.
  • Mark Wiseman, chairman of the board for the Alberta Investment Management Corp., will step down from that role after a three-year term. He’ll remain in the position until the end of this year to help smooth the transition for his successor, a release said, who has not yet been named.

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