Egizio Bianchini, one of Canada’s best known mining bankers, is leaving BMO Nesbitt Burns Inc. after nearly three decades of deal-making.
His departure is another blow to BMO, which is known internationally for its expertise in mining investment banking. The bank-owned dealer will now have seen three rainmakers exit in less than two years. A number of sources told The Globe and Mail that Mr. Bianchini is leaving to work for mining billionaire Robert Friedland.
In an interview with The Globe, John Armstrong, deputy head of investment banking at BMO, said Mr. Bianchini is retiring from the industry, and pursuing a “new opportunity outside of investment banking.” Mr. Bianchini, who did not respond to a request for comment, is expected to leave in March.
Mr. Bianchini has deep relationships with industry heavyweights such as Kinross Gold and Newmont Mining. News of his departure comes less than a month after Jason Neal, his former co-head of global metals and mining group at BMO, left to become chief executive officer of Toronto-based mining company TMAC Resources Inc.
Jason Attew, who was the bank’s managing director of global metals and mining, left in the summer of 2016 to join senior gold producer Goldcorp. Mr. Attew is now Goldcorp’s chief financial officer and in charge of acquisitions.