News Releases

Hires three managing directors in the U.S.

NEW YORK, Aug. 20, 2018 /CNW/ - BMO Capital Markets (BMO CM) today announced the launch of a newly-created U.S. Power, Utilities and Infrastructure (PU&I) Investment and Corporate Banking (I&CB) group.

The senior members of the new group will be Paul McNutt, who is joining BMO CM as Head of U.S. PU&I I&CB; Andrew Rosenbaum, Managing Director in PU&I; and Andriy Falenchuk, Managing Director in Mergers & Acquisitions focusing on PU&I. All three will be based in New York. Previously members of a leading U.S. PU&I I&CB franchise, they have significant experience across corporate sell-side and buy-side transactions, asset sales and acquisitions, bridge loans, equity and equity-linked financings, high yield and other debt capital markets transactions.

Mr. McNutt will work closely with Pierre-Olivier Perras, Head of Canadian and International PU&I I&CB, to coordinate global coverage efforts across the group. They will both report to John Armstrong, Deputy Head of Investment Banking.

"The creation of this new franchise represents an important component of our overall I&CB growth strategy. PU&I is a significant sector in the U.S. and globally. Our investment in our PU&I business and in the sector will significantly expand our coverage footprint in the U.S. and beyond," said Mr. Armstrong. "These individuals bring a relentless focus on delivering differentiated solutions to their clients and extensive industry experience. We are excited to welcome them to the firm."

The publicly-traded power and utilities sector represents a global market capitalization of more than US$3.5 trillion¹. In addition, global infrastructure funds have an estimated US$500 billion of assets under management dedicated to the infrastructure sector.

About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate, institutional and government clients access to a complete range of products and services including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. With approximately 2,500 professionals in 30 locations around the world, including 16 offices in North America, BMO Capital Markets works proactively with clients to provide innovative and integrated financial solutions.

BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX:  BMO) one of the largest diversified financial services providers in North America with $744 billion total assets as at April 30, 2018.

SOURCE BMO Financial Group