It is a new position.
Mr. Jones started Jan. 7 and is responsible for overseeing BMO's DC investment product sales across the country He reports to Matt Smith, director of retirement sales and strategy, BMO Retirement Services.
Ms. Seifert said this was one of BMO's first efforts to expand its professional sales team on the DC side.
Mr. Jones was most recently director of defined contribution in Russell Investments' adviser-sold business. “While a replacement is sought, his responsibilities are being handled by the broader defined contribution team within the adviser-sold business,” said Katherine Stouffer, spokeswoman for Russell.
BMO Global Asset Management had more than $115 billion in assets under management as of Oct. 31.