The Globe and Mail reports in its Friday edition that a co-head of Canadian investment banking at Royal Bank of Canada is leaving to take on a more senior role at Bank of Montreal. The Globe's Jameson Berkow writes that Carrie Cook, who was named to the RBC role in April, 2022, will become BMO's global head of investment and corporate banking in April, according to an internal memo Thursday from BMO Capital Markets chief executive officer Alan Tannenbaum. Ms. Cook joined RBC in 2011, and became head of consumer and retail investment banking in 2019. Prior to RBC, Ms. Cook spent more than a decade at CIBC World Markets. "In addition, Carrie is an active leader in our community, as a board member of St. Michael's Hospital Foundation and member of the Children's Aid Foundation Cabinet Campaign," Mr. Tannenbaum said in the memo. "I look forward to building on our momentum and accelerating our business growth under Carrie's leadership." Ms. Cook is joining BMO at a challenging time for the capital markets business. Canada's largest banks have been quietly cutting jobs amid declining merger and acquisition activity as well as volatile equity markets. BMO Capital Markets cut 4 per cent of its work force last year.