Patrick Cronin, chief risk officer of BMO, will retire. The bank appointed Piyush Agrawal to succeed Cronin. Agrawal will join the bank as deputy chief risk officer on July 1 and after a transition period with Cronin, become chief risk officer on Nov. 1.
BMO Financial Group plans to join Breakthrough Energy Catalyst and its philanthropic and private sector partners to accelerate clean technologies and climate solutions that are critical to getting the world to net-zero carbon emissions by 2050.
BMO Financial Group and its indirect, wholly-owned, Chicago-based subsidiary, BMO Harris Bank, signed a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries for $16.3 billion.
BMO Financial Group appointed Deland Kamanga group head of BMO Wealth Management and designated Sharon Haward-Laird as the bank’s executive committee sponsor for three areas of focus. BMO also appointed Dan Goldman and Levent Kahraman co-heads of global markets.
BMO Financial Group named Tom Flynn vice chair while hiring Tayfun Tuzun as CFO, effective Jan. 1. Simon Fish moved from general counsel to special advisor to the CEO and Sharon Haward-Laird was appointed general counsel.
BMO Financial Group revealed new, five-year diversity goals to address gaps affecting Black, Indigenous, People of Color, Latino and LGBTQ2+ employees, customers and communities.
BMO Financial Group has created a new Financial Crimes Unit and has hired Larry Zelvin to lead it. Zelvin will report to Steve Tennyson, BMO chief technology and operations officer.
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.