Christopher Kunkle was named managing director, securities lending, at BMO Global Asset Management (U.S.).
The position is new, and is part of BMO Global’s expansion to the third-party market from its traditional custody clients, said Steve Arquilla, BMO Global U.S. chief operating officer. Mr. Kunkle will develop and oversee the firm's securities lending strategy, and supervise sales, distribution and relationship management.
He was managing director of client transaction services/securities finance at Wells Fargo. Spokeswomen at Wells Fargo could not be reached for details on whether Mr. Kunkle was replaced.
