December 14, 2012 / 4:48 PM / 5 years ago

Bank of Montreal names Doug Porter as new chief economist

TORONTO (Reuters) - Bank of Montreal BMO.TO has promoted Doug Porter to the role of chief economist of its investment and corporate banking arm, the lender said on Friday.

A Bank of Montreal sign is pictured in downtown Ottawa March 3, 2009. REUTERS/Chris Wattie

Porter, currently a deputy chief economist at BMO Capital Markets, will replace the retiring Sherry Cooper on February 1. Cooper is one of the country’s highest profile bank economists.

Porter has been at Canada’s fourth-largest lender since 1995. He previously worked in the research department at Canada’s central bank.

Reporting by Alastair Sharp; Editing by Gerald E. McCormick

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