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Douglas Porter replacing Sherry Cooper as BMO chief economist

Douglas Porter, BMO’s deputy chief economist, will replace chief economist Sherry Cooper when she steps down in February, 2013.

Glenn Lowson/The Globe and Mail

BMO Nesbitt Burns Inc., the investment and corporate banking arm of Bank of Montreal, says Douglas Porter will be its new chief economist.

Mr. Porter, currently the bank's deputy chief economist, will take over Feb. 1 from Sherry Cooper, who is stepping down after a more than 30-year career at the bank.

Mr. Porter, who has been with the bank since 1995, has more than 25 years of experience analyzing global economies and financial markets, including holding positions of economist and country risk analyst with other Canadian financial institutions.

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He has also worked in the research department at the Bank of Canada.

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