News Releases
Pallium Investment Management LLC (“PIM”), the company established by BMO Financial Group (BMO) and industry veterans Flavio Bartmann and Conrad Voldstad, today announced that it has hired Max F. Roberts as its Chief Investment Officer.
PIM is a partnership between BMO and Bartmann and Voldstad created to provide an alternative for institutional investors who want to participate in the credit markets without making direct investments in the required infrastructure, risk management and expert resources.
“The addition of a Chief Investment Officer is a major milestone in our plan to build our structured credit asset management business,” said Paul Stevenson, Executive Managing Director, BMO Capital Markets. “With BMO as its partner, PIM is well-positioned to broaden the availability of structured credit products to our international clientele.”
"Max Roberts brings his extensive investment experience to PIM, which will translate into tremendous value for investors in our credit derivative product company, Pallium Finance," said Flavio Bartmann, Chief Executive Officer, PIM.
Roberts joins Pallium from Primus Guaranty (NYSE: PRS), one of the very first credit derivative product companies. At Primus, he was Chief Trading Officer, responsible for identification and execution of investment opportunities. Prior in his career, Roberts served as Head of Credit Derivative Trading at Wachovia Securities, and also worked at Merrill Lynch and Travelers Investment Management Company.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of more than $311 billion as at July 31, 2006, and more than 35,000 employees,
BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking. BMO Capital Markets, our North American investment and corporate banking division, provides a full suite of financial products and services to our North American and international clients. In the United States, BMO serves clients through Chicago-based Harris, an integrated financial services organization that provides more than one million personal and business clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services.
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Securities are provided by BMO Capital Markets Corp. (BMOCM), a registered broker dealer, member NYSE, NASD and SIPC. BMOCM is a wholly-owned subsidiary of Harris Financial Corp. Products offered by BMOCM are Not Insured by the FDIC or any Government Agency, Not a Deposit of or Guaranteed by any Bank- May Lose Value.