TORONTO, June 29, 2021 /CNW/ - BMO Asset Management (BMO AM) today announced the appointment of Sadiq S. Adatia as Chief Investment Officer. He will start his new role on July 14, 2021 and report to Kristi Mitchem, Chief Executive Officer, BMO Global Asset Management.

Mr. Adatia will join BMO AM Canada's Executive Committee and be responsible for investment strategy and risk management. He will oversee the investment team on asset allocation, portfolio structure, and fund strategies across all traditional asset classes, and investment functions, including Trading, Portfolio Analytics and Investment Governance.

"We are delighted to have Sadiq join Team BMO," said Ms. Mitchem. "Sadiq's knowledge and expertise will help us deepen our overall advantage in wealth management and grow our asset management business. We look forward to him taking on this important role."

BMO is a recognized leader in Exchange Traded Funds having led the market in net inflows for 10 years, with intentions to expand further into the fast-growing alternatives and ESG spaces.

"I look forward to joining BMO. BMO Asset Management is an innovator with a strong client focus and I am excited to being part of a team to support its award-winning products and services," said Mr. Adatia.

Mr. Adatia joins BMO AM from Sun Life Global Investments, where he most recently held the role of Chief Investment Officer. Prior to that, he held investment roles at Russell Investments Canada and Mercer Canada. He holds an Honours Bachelor of Mathematics degree in Actuarial Science & Statistics from the University of Waterloo. He is also a CFA Charterholder and is a Fellow, both of the Society of Actuaries (Investment Specialty Track) and the Canadian Institute of Actuaries.

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $950 billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

Internet: www.bmo.com Twitter: @BMOMedia

SOURCE BMO Financial Group

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BMO Asset Management Appoints Sadiq S. Adatia as Chief Investment Officer