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BMO veteran Dean Manjuris has joined Richardson Wealth in the newly created vice-chair position.

Over decades with BMO, Manjuris held senior management roles including global head of full-service investing and vice-chair of BMO Nesbitt Burns.

Kish Kapoor, president and CEO of Richardson Wealth parent company RF Capital Group Inc., said Manjuris would play an important role in recruiting talent.

“His extensive knowledge of the industry and his unparalleled experience working with advisors across Canada will be instrumental as we deliver on our promise to enhance our advisor experience, grow our business significantly and build upon the pre-eminent Richardson brand,” Kapoor said in a release.

Manjuris is the second recruit from BMO to join Richardson’s leadership team in recent weeks. Last month, Julie Burnham became the firm’s new communications head.

RF Capital also hired a new chief financial officer this year, and Richardson Wealth president and CEO Andrew Marsh left the firm last month.

The executive shakeup comes after RF Capital consolidated its ownership of Richardson Wealth in October, and amid a takeover bid from rival independent firm Canaccord Genuity Group Inc. RF Capital’s board has not engaged with Canaccord, stating that the takeover offer isn’t in the firm’s best interests.