Luc Bachand has been appointed head of the operations of BMO Capital Markets in Quebec, the investment and corporate banking arm of Bank of Montreal (TSX:BMO) announced Friday.

As vice chair and head of BMO Capital Markets Quebec, Bachand will be responsible for senior relationship management of corporate, government and institutional clients as well as for facilitating coordination and cooperation between the various Quebec-based lines of business in BMO Capital Markets. He will report to Tom Milroy, CEO, BMO Capital Markets.

Bachand has a long history with BMO since joining the bank in 1983.

Bachand succeeds Jacques Ménard, who among other things, served as chair of BMO Capital Markets over the last decade. Ménard will continue to serve BMO Financial Group as president, BMO Financial Group, Quebec and as chair of its regulated entity BMO Nesbitt Burns. In these roles he will report to Bill Downe, president and CEO, BMO Financial Group.

“Luc is a talented and highly motivated professional who embodies our values of client focus and integrity,” said Milroy. “While we are losing Jacques full-time in BMO Capital Markets, we will continue to benefit from his advice and support in his ongoing roles with BMO Financial Group.”

Bachand holds a Masters in Business Administration from Montreal’s Concordia University and a Bachelor of Business Administration from the École des Hautes Études Commerciales, also in Montreal.

He is a past member of the Montreal Exchange board of directors, a past director and president of the Investment Dealers Association (Quebec Section), and a past member of the board of directors of the Fédération des chambres de commerce du Québec. He is currently on the board of directors of the Sainte-Justine UHC Foundation and on the board of directors of La Fondation des Maladies Mentales.