BMO Financial announced plans for a new office tower in Chicago. The new BMO Tower will employ 3,600 staff members across 14 floors of a 50-floor, 700-foot building, which will open in 2022.
Financial Group CEO Bill Downe will retire on October 31, 2017. The bank’s board intends to appoint Chief Operating Officer Darryl White as Downe’s successor, effective November 1, 2017.
BMO Financial Group CEO Frank Techar has been appointed Vice-Chair and will be succeeded by Darryl White as COO. Patrick Cronin has been appointed group head, BMO Capital Markets.
BMO Financial appointed Diane Cooper, formerly president and CEO of GE Capital’s Commercial Distribution business, to the BMO Financial board of directors.
Wheels Group announced it entered into a new credit agreement with its syndicate of lenders, including the Bank of Montreal as lead, and HSBC Bank Canada.