Head Of Private Bank For Asia Departs

With over two decades of wealth management and associated legal expertise the popular banker who has been based in Hong Kong since 1996 left the bank last Friday.

According to reports out of Hong Kong Robert Cormie joined BMO Private Bank in January 2013, when he took his team from CIBC as part of an acquisition, to BMO.

The international wealth arm of Bank of Montreal has been committed to growing the private banking business in Asia. It acquired the CIBC private banking business in Hong Kong and Singapore, (where Cormie had been the MD and APAC head).

The bank also invested in a Chinese trust company COFCO Trust giving it a toehold into the potentially prosperous mainland market and in 2011 they purchased Hong Kong portfolio manager Lloyd George Management.

In March this year the bank hired Petty Lee in Hong Kong as executive director responsible for developing the Hong Kong market.

Cormie is a member of the Society of Trust & Estate Practitioners, Hong Kong Trustees Association and the Hong Kong Taxation Institute and combined with his legal and wealth management skills it will not be a surprise to see him in another senior wealth management role in Asia in the near future.

WEB'S BEST

Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.