BMO Global Asset Management’s head of global high yield has left the firm, Citywire Selector has learned.
Chris Brils joined the Canadian-owned outfit as part of Bank of Montreal’s takeover of his former employer F&C Asset Management in May 2014. He had already been with F&C for three years.
It is understood Brils formally stepped down from the firm at the end of May but the information was not communicated widely.
Brils has almost 20 years’ investment experience, having begun as an analyst at ABN Amro Bank in Amsterdam.
He latterly became head of European high yield at the group before becoming head of high yield at UK boutique Brookfield Asset Management.
BMO GAM confirmed the departure of Brils and added: 'BMO GAM has always run a team approach to investing, and this includes high yield.
'As such, the team continues to run all three funds: the F&C European High Yield Bond, F&C Maximum Income Bond and F&C Extra Income Bond funds, which Chris was previously aligned to. The team in EMEA is overseen by Ian Robinson, head of credit.'
His departure comes at the same time, albeit is unrelated to, the exit of Alternative Ucits specialist Ben Fox (pictured). Fox was hired by F&C, as it was, in February 2013, to help steer its efforts in alternatives.
He joined from boutique group Goodhart Partners, which he had founded in 2007. It is understood Fox left BMO GAM in April of this year and as yet has not returned to fund management.