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Bank of Montreal named Lyle Wilpon, a former executive with Bank of America Merrill Lynch, to head its mergers-and-acquisitions business in the U.S.

Bloomberg reports that Wilpon was hired last month and takes sole responsibility for the unit this week.

Wilpon was most recently a managing director at New York investment bank Houlihan Lokey after more than a decade at Merrill Lynch and Bank of America, where he ran the firm’s middle-market M&A group, according to a statement last February. 

In the meantime, Reuters reports that Graeme King, co-head of foreign exchange spot trading at RBC Capital Markets in London, has left the bank, a source familiar with the matter said on Friday.

The source did not give a reason for King leaving the firm. Market sources said he had been working at RBC as recently as Thursday.

BMO Names Wilpon Head of M&A in the U.S.

RBC Capital Markets co-head of FX trading leaves bank - source

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