RBC Dain ABS group jumps to B of Montreal

The asset finance group at RBC Dain Rauscher has jumped to rival Bank of Montreal, sources confirmed. The six-person team, led by managing director Tom Gervais resigned this week andit is unclear when the group would resurface in their new positions. Joining Gervais are Matthew DiCicco, David Piotrowski, Mark Freeman, Jack MacDowell Jr., and Jason Micheletto. The group has a primary focus on the equipment lease sector.