BMO Capital Markets has appointed a new senior management team to lead the expansion of its U.S. cash equities business, the investment and corporate banking arm of Bank of Montreal (TSX:BMO) announced Friday.

The four new leaders of this business are Alan Tannenbaum, head of U.S. equity sales; Rick Joyce, head of U.S. equity sales trading; Will Bertsch, head of U.S. equity facilitation trading; and Sean MacKenzie, head of U.S. equity electronic trading.

The four men have joined BMO Capital Markets’ Times Square office in New York this year. They have previously held similar management roles at major global investment banks.

With a new management team in place, BMO Capital Markets is looking significantly to expand its presence in the U.S. cash equities marketplace. Already, 23 senior equity sales and trading professionals have joined the firm.

“We are extremely excited about the quality of talent we have been able to attract, the experience they bring, and their individual track records of success. Collectively, they will be instrumental in providing our clients with a rising level of equity sales and trading service,” says Mike Miller, head of equity products, BMO Capital Markets.

“As we build out our franchise in 2011, institutional investors are going to be quite surprised by the capability we are building at BMO Capital Markets. We will be hiring more equity research analysts in 2011. We are already providing full research coverage of 932 stocks with a team of 66 equity analysts, six macro/strategy analysts and a total research staff of 195. Today, we are the leader in terms of breadth and quality of research coverage for Canadian equities,” says Miller.

“We will develop as strong a reputation for U.S. equity research as we have in Canada. We are now changing our focus to become one of the leading providers of equity research for the entire North American stock market and all mining companies trading on major exchanges globally, he says.

IE