Key Takeaways
- • Craig King, a veteran of Bank of Montreal (BMO) with over two decades at the bank, has been named chief investment officer of Invest in Canada, a federal agency that attracts foreign investment, according to The Globe and Mail.
- • King last served as head of diversified industries, investment & corporate banking at BMO and retired from the bank earlier this year.
- • King's mandate supports Prime Minister Mark Carney's goal to catalyze $1 trillion in total public and private investment across Canada over five years.
- • The appointment follows Carney's September Investment Summit, which drew investors from nearly 30 countries and secured nearly $500 billion in new investment commitments.
Summary
Veteran Bank of Montreal executive Craig King has been named chief investment officer at Invest in Canada, a federal agency responsible for attracting foreign investment, the agency said on Tuesday, according to The Globe and Mail.
King spent more than two decades at BMO and most recently served as head of diversified industries, investment and corporate banking. He retired from the bank this year. At Invest in Canada, he will lead a team focused on attracting foreign investment and on Prime Minister Mark Carney's mandate to catalyze $1 trillion in total public and private investment across Canada over five years, a source said.
The appointment comes after Carney hosted an Investment Summit in September that gathered investors from nearly 30 countries and pooled nearly $500 billion in new investment commitments. The role positions King to support the federal government's push to channel foreign and private capital into domestic projects.
The primary source does not provide further details on King's compensation, mandate timeline or specific team structure.
King spent more than two decades at BMO and most recently served as head of diversified industries, investment and corporate banking. He retired from the bank this year. At Invest in Canada, he will lead a team focused on attracting foreign investment and on Prime Minister Mark Carney's mandate to catalyze $1 trillion in total public and private investment across Canada over five years, a source said.
The appointment comes after Carney hosted an Investment Summit in September that gathered investors from nearly 30 countries and pooled nearly $500 billion in new investment commitments. The role positions King to support the federal government's push to channel foreign and private capital into domestic projects.
The primary source does not provide further details on King's compensation, mandate timeline or specific team structure.
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