BMO Nesbitt Burns has created a debt products group in Chicago to put the firm's entire spectrum of U.S. debt products into one group, said David Hyma, vice chairman of capital markets in Toronto. Hyma said the group will create products that will link corporate debt issues and hedging strategies and will use over-the-counter derivatives.
Kevin Holme, head of U.S derivatives sales in Chicago, has been promoted as part of the move, Hyma said. "It's really a client driven reorganization to put our debt product and debt hedging together. It's Kevin's job to bridge the two," Hyma explained. Holme now oversees a staff of about 65 professionals, he had a staff of 30 prior to the promotion. Hyma added that Holme is likely to hire more staffers over the next several months, but declined to elaborate. Prior to joining BMO five years ago Holme was head of structured finance at Bank Of America in New York. He Holme did not return calls.