Cormie will manage the growth of the bank’s private banking business in the Asia-Pacific region. He will report to Alexandra Dousmanis-Curtis, who is the senior vice-President and head, Private Banking Canada and Asia.
He will have a regional reporting line into Albert Yu, CEO Asia, BMO Financial Group.
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New private banking offices opened in Asia and it will be a part of BMO’s Private Client Group. It will provide private banking services to high-net-worth individuals in the Asia-Pacific region.
The new office will support plans to create a global service for wealthy individuals looking to manage their investments across Asia and North America.
