Pallium Investment Management LLC (PIM), the company established by BMO Financial Group and credit investment management industry veterans Flavio Bartmann and Conrad Voldstad, today announced that it has hired Pamela Stumpp as its chief credit officer.

PIM is a partnership between BMO, Bartmann and Voldstad created to provide an alternative for institutional investors who want to participate in the credit markets without making direct investments in the required infrastructure, risk management and expert resources.

“The hiring of Pamela represents another major step forward in the growth of our structured credit asset management business,” said Paul Stevenson, executive managing director, BMO Capital Markets, in news release. “Her 29 years of credit expertise will be a major asset for our business.”

“With the addition of Pamela, and with the recent hiring of our new chief investment officer, Max Roberts, we’re well positioned to deliver optimal value for our investors,” said Flavio Bartmann, CEO, PIM.

Stumpp joins PIM from Moody’s Investors Service, where she was managing director and chief credit officer for North American corporate finance, with wide-ranging responsibility for ratings quality and the integrity of the rating process; portfolio monitoring and surveillance; for setting rating policy and ensuring the consistency of Moody’s global rating standards.

Prior to joining Moody’s, Stumpp was a managing director at The Chase Manhattan Bank, where she held various credit positions.