Former Head of Sustainable Finance and Capital Markets ESG Lead
Bank of Montreal
Manju Seal is the Managing Partner and Founder of Terra Impact, offering strategic advisory solutions that chart clear pathways towards lasting value creation. Considered a forward thinker and trusted advisor she is known for supporting senior decision-makers at the evolving intersection of business strategy and sustainability. Her deep expertise in sustainable debt products enables her to engage effectively with both issuers and investors. She is recognized for her pioneering work in sustainable finance, notably at Bank of Montreal (BMO) Financial Group.
As BMO’s inaugural Head of Sustainable Finance & Capital Markets ESG Lead, she established and led the Sustainable Finance Advisory, partnering with institutional and corporate clients to develop impactful solutions across sustainable bond underwriting, product development, and capital mobilization. She spearheaded the embedding of sustainability in the offerings of the Capital Markets Division while providing stewardship for clients pursuing sustainable outcomes. Hired as BMO’s first sustainable finance banker, she drove firm-wide initiatives through her roles on the Fixed Income Sales Desk and subsequently the Debt Capital Markets (DCM) Desk, strategically positioning both the enterprise and the Capital Markets Division for the public adoption of sustainable finance as a new business line.
Manju was also a member of the firm-wide BMO Sustainability Council and led the launch of BMO’s Sustainable Bond Program in 2019, which featured a landmark USD $500 million sustainability bond issuance. She co-authored Canada’s first Sustainable Financing Framework; and was a key contributor to BMO’s public sustainable finance commitment of CAD $400 billion that same year.
Manju’s leadership experience spans institutional asset management, capital markets as well as nonprofits and board governance. Her investment banking career began in the Structured Finance Group-FICC at Goldman Sachs in securitization, followed by leading Goldman Sachs Asset Management’s Fixed Income – Risk & Performance Analytics Team. She later served as a quantitative analyst at SCM Advisors and fixed income portfolio manager at McMorgan & Co.
Since 2003, she has provided governance and strategic leadership to nonprofits and social enterprises focused on environmental and social impact. Manju is an American Marshall Fellow (2008), Board President Emerita of Narika (USA), former and the first executive director of LEAP201.org (Singapore) and a board director of Proximity Designs. She holds master’s degrees in business administration, mathematics, and ethnomusicology.
Blending financial rigor with a deep commitment to impact, she continues to shape the future of sustainable finance—serving as a sought-after voice and strategic partner to leaders across the financial industry and the global sustainability community.