Bank of Montreal's capital markets division has announced a change in its operational leadership with the appointment of Aman Malik as the unit's new chief operating officer. Malik will succeed Nina Knezevic as part of a wider leadership reorganization within the firm.
According to reporting by Bloomberg that cited an unnamed person familiar with the matter, Malik joins BMO after serving at Wells Fargo & Co., where he held the roles of head of strategy and chief administration officer for banking. The report states that Malik will report directly to Alan Tannenbaum, the chief executive of BMO Capital Markets.
Current capital markets COO Nina Knezevic will not depart the company, the same source said. Instead, she is set to transition into a new role as head of strategic workforce planning and initiatives for Bank of Montreal. The move reassigns Knezevic from the unit-level COO post to a bank-wide strategic position centered on workforce planning and related initiatives.
The change is described as part of an ongoing leadership reshuffle within BMO's capital markets business. The publicly reported account of the appointment and the internal reassignment is based on information provided by a person who requested anonymity, as cited in the Bloomberg report.
This personnel update is the latest in a series of leadership adjustments at the firm's capital markets division, according to the same reporting. Details released in the report focus on the new reporting relationship, the previous role Malik held at Wells Fargo, and Knezevic's forthcoming bank-level assignment.
Summary takeaways
- Aman Malik has been named COO of BMO Capital Markets, replacing Nina Knezevic.
- Malik previously served as head of strategy and chief administration officer for banking at Wells Fargo & Co.
- Knezevic will move to a Bank of Montreal role as head of strategic workforce planning and initiatives.