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.