BMO Capital Markets co-head of electronic trading departs

Co-head Joe Wald had been with BMO for four years.

BMO Capital Markets managing director and co-head of electronic trading has left the bank, The TRADE can reveal.

Wald is departing after four years in his most recent role, according to an update on his social media.

“After 10 years as co-founder of Clearpool and MD at BMO, I have decided to take some time away from electronic trading. It has been an amazing journey,” said Wald in an update.

“I have had the pleasure of working alongside some of the best and brightest people in the industry.”

Wald originally joined BMO in 2020 following the bank’s acquisition of Clearpool Group where he had served as chief executive for six years.

Prior to founding Clearpool, Wald spent a year and a half at GAIN Capital as an executive vice president.

He also previously spent almost five years as a managing director at Knight Capital Group and 13 years as chief executive of EdgeTrade.

BMO had not responded to a request for comment at the time of publishing.