Evan Siddall , who was ousted from his job as CEO of Alberta Investment Management Corp. a little over a year ago in a board and executive purge that sent shockwaves across Canada, has been named vice-chair of Bank of Montreal’s capital markets division.

Sources say Siddall, who was formerly CEO of the Canada Mortgage and Housing Corp. (CMHC), has been tapped by the Canadian bank because of his relationships across Bay Street and Wall Street, specifically in the private equity community. In more than three years

at AIMCo , he expanded his roster of connections as the provincial pension and endowment manager opened offices in New York and Singapore.

Earlier in his career, he had senior investment banking roles at Goldman Sachs and Lazard.

A source, who was not authorized to speak publicly about Siddall’s appointment, said he will work with BMO’s industry coverage teams and across geographies in an advisory capacity.

Siddall’s hiring by Bank of Montreal follows a reorganization in the capital markets division of Canada’s third-largest lender, according to Bloomberg News. In September, John Mitrano was named sole head of global equities and Darren Campbell was appointed head of global markets, according to the report, which said two longtime managing directors left the division earlier this month.

A Bank of Montreal spokesperson declined to comment on Siddall’s appointment.

The New York and Singapore offices opened by AIMCo under Siddall’s leadership were closed after the Alberta government ousted AIMCo’s entire board and then Siddall in November of 2024. The purge was blamed on rising costs without commensurate improvements in AIMCo’s returns. The investment manager posted a 12.3 per cent return for the year ended Dec. 31.

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