Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeBankingNewsBank of Montreal hires Descoteaux to run combined U.S. mergers GroupThe U.S. mergers and acquisitions team under David Descoteaux will collaborate closely with its Canadian counterpartAuthor of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.The bank reaped $2.11 billion in revenue from capital markets in the fiscal second quarter, up 19 per cent from a year earlier. Photo by Peter J. Thompson/National PostBank of Montreal hired David Descoteaux to lead its newly combined United States mergers and acquisitions team for capital markets and commercial banking, according to an internal memo seen by Bloomberg News.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Canadian lender announced last year it was bringing together the capital-markets and commercial middle-market M&A groups in the U.S. under one structure, with a goal of “improving execution and efficiency.”Descoteaux previously co-led UBS Group AG’s M&A franchise in the Americas, and worked for Lazard Inc. before that, the memo said. He starts June 1 and will report to Carrie Cook, global head of investment and corporate banking, and Tony Sciarrino, head of U.S. commercial banking.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againBank of Montreal declined to comment.The bank reaped $2.11 billion in revenue from capital markets in the fiscal second quarter, up 19 per cent from a year earlier. The U.S. part of the division earned $231 million in adjusted profit.The U.S. M&A team under Descoteaux will collaborate closely with its Canadian counterpart, the memo said. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.