BMO Capital Markets hired Edward Fanter for its infrastructure group as the firm continues to seek growth in its senior management business in the public finance space.
This is the latest hire for the Chicago-based firm that has recently brought on a half-dozen salespeople and traders to its municipal team.
Based in New York, Fanter came aboard as director of the public finance and infrastructure group.
His main responsibilities include focusing on capital markets and project finance solutions in the North American infrastructure practice.
In addition, he will be responsible for identifying and working on projects using existing relationships and complementing the team already in place at BMO.
Fanter reports to Lyle McCoy, head of the public finance and infrastructure group.
“With infrastructure growth as one of the key accelerants to the U.S. economy, we’re pleased to have someone of Ed’s caliber to assist in expanding our U.S. public finance capability,” McCoy said. “Edward’s experience in private-side advisory and capital markets supplements our existing public-side infrastructure business in the U.S. and Canada.”
Before joining BMO, Fanter worked at Barclays Capital, and previously Lehman Brothers, where he was a municipal banker. He also worked at Moody’s Investors Service.
Last month, the firm opened new sales offices in Midland, Mich., and Pittsburgh, and hired three researchers in the new offices.
BMO also added a new municipal research team in New York, which is providing municipal credit analytics and research to public finance sales and trading groups.
Since BMO’s acquisition of Griffin, Kubik, Stephens & Thompson Inc. in May 2008, it has been trying to increase its image as a top senior manager and co-manager.
In 2010, it was the 24th-ranked senior manager, issuing $2.74 billion, according to Thomson Reuters.
In 2007, BMO Capital placed 38th, underwriting $1.11 billion.
The firm has increased its footprint in the negotiated and competitive market as well, moving up to 30th in negotiated deals in 2010 by underwriting $1.46 billion, up from 52nd in 2007 when it underwrote $417 million.
In the competitive municipal bond market, BMO underwrote $1.29 billion in 2010, up from 2007 when it handled $692.2 million.
