One of Canada’s best known mining bankers has jumped to a junior gold company. Jason Neal, a former managing director with BMO Nesbitt Burns Inc., is leaving to become chief executive officer of Toronto-based TMAC Resources Inc.
Mr. Neal had been with BMO for 21 years, joining the bank-owned dealer right out of university. In 2010, he was appointed co-head of the global metals and mining group, a position he split with Egizio Bianchini.
“Jason has been key in helping to build the business and the broader franchise, and we thank him for his dedication, leadership and partnership over the years,” Dan Barclay, co-head global investment and corporate banking with BMO, wrote in a statement to The Globe and Mail.
Last year, Mr. Neal was BMO’s lead banker on the $570-million (U.S.) initial public offering of zinc producer Nexa Resources SA, which was the third-biggest mining IPO to date on the Toronto Stock Exchange. BMO co-led the offering.
“I have known and worked closely with Jason over the past 15 years and have great respect for his team building, management and analytical skills,” Terry MacGibbon, TMAC’s executive chairman, said in a statement on Tuesday.