HONG KONG, CHINA, Dec. 7 (Korea Bizwire) – BMO Financial Group today announced the appointment of Ravi Sriskandarajah as Managing Director and Head of Global Asset Management (Asia Pacific).
In this role, Mr. Sriskandarajah will be responsible for management oversight, governance and leading the organization’s growth strategy across the Asia Pacific region. He will be based out of Hong Kong and will report to both Barry McInerney, Co-CEO, BMO Global Asset Management and Albert Yu, Chief Executive Officer Asia, BMO Financial Group.
Mr. Sriskandarajah joined the bank in 2013 to lead BMO Global Asset Management’s expansion into Australia. He has more than 15 years of asset management experience in senior roles.
“Ravi is an expert in his field and has a strong financial services network in the Asia Pacific region,” said Mr. McInerney. “Under the guidance of his experienced leadership, BMO Global Asset Management will continue to grow and innovate in this region. I look forward to seeing his team build upon the success we have achieved to date in providing world-class investment capabilities and global expertise.”
Mr. McInerney noted that, with Mr. Sriskandarajah taking on this new role, BMO Global Asset Management will be actively recruiting for an individual to lead its institutional sales business in Australia. The successful candidate will team with Michael Angwin, Director, Intermediary Sales, BMO Global Asset Management. Both will report to Mr. Sriskandarajah.
“BMO has a long history in the Asia Pacific region — dating back to 1818 — and is the only Canadian bank with an established subsidiary bank in Mainland China,” noted Mr. Yu. “Most recently, we became the first Canadian bank to have ETFs listed in Hong Kong. I look forward to working closely with Ravi as we continue to expand our footprint in the region and help retail and institutional clients with their financial needs.”
Mr. Sriskandarajah replaces Amit Prakash, who has moved to a global role within BMO as Managing Director, Global Exchange Traded Funds (ETFs) and Alternative Investments, BMO Global Asset Management. In his new position, Mr. Prakash will help direct the growth of two global initiatives — ETFs and alternative investments — by identifying opportunities and developing strategic priorities.
About BMO in Asia
BMO has had a long history of doing business in Asia, especially in China. BMO is currently the only Canadian and one of only three North American banks with an established subsidiary bank in Mainland China. BMO’s offices in Asia allow the bank the flexibility to expand its product and service offerings for North American and Asian clients.
BMO’s presence in Asia includes:
- BMO’s subsidiary bank in Mainland China – Bank of Montreal (China) Co. Ltd., with branches in Beijing, Shanghai and Guangzhou;
- BMO branch in Hong Kong;
- BMO branch in Singapore;
- BMO Capital Markets representative office in Beijing;
- BMO Capital Markets representative office in Taipei;
- BMO Global Asset Management Asia in Hong Kong;
- A 28 per cent equity stake in Fullgoal Fund Management Co. Ltd., based in Shanghai; and
- A 19.99 per cent equity stake in COFCO Trust Co. Ltd., based in Beijing.
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager delivering service excellence from 27 offices in 17 countries to clients across five continents. Including discretionary and nondiscretionary assets, BMO Global Asset Management had more than C$310 billion in assets under management, as of October 31, 2015.
Our four major investment centres in Toronto, Chicago, London and Hong Kong are complemented by a network of world-class boutique managers strategically located across the globe: BMO Real Estate Partners, LGM Investments, Monegy, Inc., Pyrford International Ltd., and Taplin, Canida & Habacht, LLC.
With operations throughout North America and Europe, and in Abu Dhabi, Beijing, Shanghai, Hong Kong, Melbourne and Sydney, BMO Global Asset Management has been recognized by Pension & Investments as one of the world’s largest 100 asset managers based on combined assets under management as of December 31, 2014 and is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI).
BMO Global Asset Management is a part of BMO Financial Group (NYSE:BMO), a fully diversified financial services organization with approximately C$642 billion in total assets as of October 31, 2015, and close to 47,000 employees.
Source: BMO Global Asset Management via Marketwired