News Releases
Pallium Investment Management LLC (PIM), the company established by BMO Financial Group (BMO) and credit investment management industry veterans Flavio Bartmann and Conrad Voldstad, today announced that it has hired Pamela M. Stumpp as its Chief Credit Officer.
PIM is a partnership between BMO, 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 hiring of Pamela represents another major step forward in the growth of our structured credit asset management business,” said Paul Stevenson, Executive Managing Director, BMO Capital Markets. “Her 29 years of credit expertise will be a major asset for our business.”
“With the addition of Pamela, and with the recent hiring of our new Chief Investment Officer, Max Roberts, we're well positioned to deliver optimal value for our investors,” said Flavio Bartmann, Chief Executive Officer, PIM.
Stumpp joins PIM from Moody's Investor's Service, where she was Managing Director and Chief Credit Officer for North American Corporate Finance, with wide-ranging responsibility for ratings quality and the integrity of the rating process; portfolio monitoring and surveillance; for setting rating policy and ensuring the consistency of Moody's global rating standards. Prior to joining Moody's, Stumpp was a Managing Director at The Chase Manhattan Bank, where she held various credit positions.
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 C$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.