(Bloomberg) -- Bank of Montreal has hired Citigroup Inc.’s Bo Brown as a managing director in its BMO Capital Markets division, according to a person with knowledge of the matter.

New York-based Brown is set to join the Canadian lender in November, said one of the people, all of whom requested anonymity as the appointment isn’t yet public. At Citigroup, he handled sponsor sell-side mergers and acquisitions, which is the business of selling private equity portfolio companies, LinkedIn shows.

Brown didn’t respond to a request for comment and a spokesman for Citigroup declined to comment. 

Brown joined Citigroup in July 2020 after almost 17 years at Credit Suisse Group AG, LinkedIn shows. Citigroup last year hired Credit Suisse banker Ray Raimondi to lead global asset managers mergers and acquisitions in North America.

BMO, which recently cut staff, has made several recent senior hires including Peter Neckles, Laura Holden and Amit Melwani.

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