BMO appoints Amit Prakash as head of wealth management products for Asia
11 October 2012
News, Asia, Global, Hong Kong
BMO Global Asset Management announced Wednesday (October 10) the appointment of Amit Prakash as head of wealth management products for Asia.
Based in Hong Kong, Mr. Prakash will be responsible for leading and managing BMO's wealth and investment product teams in Beijing and Hong Kong. He will cover the investment product development and marketing needs of all BMO entities and businesses – as well as BMO's strategic partners – in Asia. Mr. Prakash will fully leverage BMO's global asset management capabilities, cash and deposit products in Asia, as well as other BMO products, in order to provide complete wealth management needs to BMO clients.
"Amit's extensive experience as an investment strategist, portfolio manager and product development director, combined with his leadership skills and substantial knowledge of the Asian wealth management market, make him the ideal person to lead our growth in Asia," said Barry McInerney, co-CEO, BMO Global Asset Management.
"In joining BMO, Amit becomes part of an organization that has been building relationships in Asia since 1818 and is focused on the long term - especially on organic and sustained growth," stated Rajiv Silgardo, co-CEO, BMO Global Asset Management. "We're pleased to welcome Amit to the BMO team."
Before joining BMO Global Asset Management, Mr. Prakash worked with two of the largest asset management firms globally. Most recently, in Singapore he led the product development team in Asia for its exchange traded fund business. Prior to that he was based in San Francisco, Toronto and London for nearly 15 years, where he held progressively senior positions as a currency trader and portfolio manager, global macro hedge fund manager and leader of a team of hedge fund managers.
Mr. Prakash holds an MBA from Tulane University and a Master of Economics from University of Delhi.
Albert Yu, CEO Asia, BMO Financial Group, commented on future plans for BMO in Asia, "Our next phase of growth will focus on areas that represent our core competencies and in geographies that our clients consider important. With the significant growth of investment options and the growing sophistication of our institutional and private clients in Asia, it's essential that we fully leverage our global capabilities to deliver tailored investment solutions. We are fortunate to have Amit to help manage this growth."
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