Money Management

BMO Global Asset Management hires U.K. institutional director

Zahra Sachak was named U.K. institutional director, relationship management at BMO Global Asset Management, a spokesman said.

Ms. Sachak is responsible for managing relationships with existing pooled and segregated U.K. institutional clients and new business development. The spokesman declined to name the executive Ms. Sachak replaced.

Ms. Sachak joined from Investec Asset Management, where she was sales executive in the North America institutional team. A spokeswoman could not be reached by press time to comment about a replacement.

BMO Global Asset Management had $260 billion in assets under management as of Dec. 31.