04:28 PM EDT, 05/24/2024 (MT Newswires) -- Bank of Montreal ( NRGD ) appointed Blake Jespersen as head of debt capital markets, with Richard Sibthorpe stepping down at the end of June after a decade leading the unit, according to people familiar with the matter, Bloomberg News is reporting Friday.

Jespersen, currently managing director for corporate sales and structuring, will report to Steve Thom and Carrie Cook, the people said, asking not to be identified because the details are private. Bloomberg noted Thom has been promoted to head of global credit at the firm. Cook recently joined the company as global head of investment and corporate banking.

A representative for Bank of Montreal ( NRGD ) did not immediately reply to calls and emails seeking comment. Sibthorpe and Jespersen also did not immediately comment.

BMO has been reducing staff in its US investment banking unit again as it continues to trim costs, Bloomberg reported earlier this month.

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