Three months after six of its structured finance executives resigned to launch a CDO asset management company and hedge fund, BMO Capital Markets has replenished the team with eight new hires.

For the sales and trading side of its capital markets business, BMO hired Stephen Hutchinson as a director and Francis Kestler as a vice president. The men joined the bank from BNP Paribas and RBC Capital Markets, respectively. Both report to Ron Kirchler, managing director and head of distribution and liability management.

To handle origination and structuring functions, BMO recruited Adam Gould, formerly of Capital Source, as a vice president. Gould reports to Dave Kucera, managing director of that team.

Valerie Jorgenson, formerly of Banc of America Securities, joined BMO as a vice president and reports to Bart Steenbergen, a managing director. Greg Curvall, formerly of Mann Investments; Vasili Gerogiannis, formerly of ABN AMRO; and Jeff BaCote formerly of the law firm McDermott Will & Emery, all joined the bank as associates and will report to Brian Zaban, a managing director in the structuring and originations group. Finally, Dennis Liu, formerly of Goldman Sachs, is also an associate, and reports to Dave Piotrowski, managing director and head of term ABS.

The new executives are not intended to be on-par replacements for the executives that left in February to launch Six Degrees Capital Management, said Jeff Phillips, executive managing director at BMO of the vacancies created earlier this year. Rather, senior members of BMO's team were asked to step in and perform functions created by the departures, which opened new opportunities for the bank to hire more junior executives.

In February, several executives, led by Pete Walsh, left BMO to form the Chicago-based company (see Whispers).

(c) 2007 Asset Securitization Report and SourceMedia, Inc. All Rights Reserved.

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