BMO Hires Ex-CIBC Banker for New Digital-Assets Strategy Role

Bank of Montreal hired Imran Ibrahim for a newly created role focused on leading the firm’s digital-assets strategy as the use of stablecoins and tokenized deposits rapidly gains prominence.

Ibrahim spent more than a decade at Canadian Imperial Bank of Commerce and was most recently executive director of payments and digital transformation in the company’s capital-markets division. He started at Bank of Montreal on Tuesday, according to an announcement from Derek Vernon, head of North American treasury and payment solutions.

The new leadership role reflects “the growing importance of digital finance to our clients and to BMO’s longterm strategy,” ...