Bank of Montreal Names Doug Porter Chief Economist

The Bank of Montreal, the country’s fourth-largest bank by assets, named Douglas Porter chief economist today, replacing Sherry Cooper who is retiring.

Porter, 52, named by Bloomberg as the best economic forecaster in Canada for the past two years, will takeover for Cooper on Feb. 1., the Toronto-based bank said today in a statement.

“Doug excels in interpreting and communicating the impact of key economic and financial data for businesses and investors,” Mike Miller, Head of Equity Products & Research at BMO Capital Markets, said in a statement.

Porter is currently deputy chief economist and has worked at the company for 18 years. he holds a Masters degree in Economics from the University of Western Ontario and received a Certified Financial Analyst designation in 1995.

“I’m honored to be given the opportunity to lead our exceptional team of economists,” Porter said in the statement. “I am committed to ensuring our capabilities continue to strengthen in the coming years.”

To contact the reporter on this story: Ari Altstedter in Toronto at aaltstedter@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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