Nesbitt shunts executive
Article Abstract:
Nesbitt Burns Inc., the brokerage unit of Bank of Montreal in Quebec, has removed Jim Beqaj as the head of its global fixed income group. Beqaj, who entered the company only two years ago, will be replaced by Chicago, IL-based Bill Downe. The move is in line with the Bank of Montreal's strategy of integrating its fixed-income operations with the bank's money market and foreign exchange units. Downe, the bank's current EVP of corporate banking, will take over the operations of a combined trading and treasury business.
Comment:
Has removed Jim Beqaj as the head of its global fixed income group
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Nesbitt, manager to pay for poor staff supervision
Article Abstract:
BMO Nesbitt Burns Inc. and Thomas Waitt, the manager of its Winnipeg branch, have agreed to pay the Manitoba Securities Commission $100,000 for failing to properly supervise three brokers who misguided clients into making inappropriate investments, churned stock, and made trades without authorization.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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