Carol Buch, a managing director at BMO Capital Markets who for more than two decades specialized in leveraged finance at the Bank of Montreal unit and other lenders, has died. She was 54.
She died Nov. 21, according to a notice published by the Austin American-Statesman newspaper in Austin, Texas, where Buch was based. Her death followed a long illness, BMO management said in a note to employees that was provided by Pav Jordan, a spokesman at Toronto-based Bank of Montreal. No other details were provided.
Buch (pronounced buck) was a senior partner in BMO’s global fixed income, currencies and commodities leveraged finance sales team. She joined the firm in 2001 as a vice president and “was a key contributor to building our leveraged finance distribution business,” management said in the note.
“Many of the transactions Carol worked on throughout her career provided growth capital to leveraged companies in food, consumer and retail, healthcare, technology, media and telecom, and general manufacturing,” according to an e-mailed statement from Jordan.
Prior to BMO, Buch worked for a year at New York-based Lehman Brothers Holdings Inc., where she sold primary transactions as well as traded leveraged and distressed bank loans. From 1992 to 2000, Buch worked in New York as a director in loan syndications at TD Securities, the investment banking division of Toronto-based Toronto-Dominion Bank. Before that, she was an associate at Barclays Capital in New York for one year.
Carol Ann Buch was born in August 1961, according to public records. She received a Bachelor of Science degree in finance from Boston University, according to the statement. In 1991, she earned a Master of Business Administration from Columbia Business School in New York, according to a LinkedIn.com profile.
BMO provides equity and debt underwriting, corporate lending, project financing, merger and acquisition advice, and other investment banking services. The firm employs about 2,300 professionals in 16 offices in North America and 14 other locations around the world, according to its website. Bank of Montreal is Canada’s fourth-largest bank.
Buch’s survivors include her husband, Timothy Wilschetz, and their children, Emily and Daniel. The family lived in Austin.
Related ticker: BMO CN (Bank of Montreal)