Dan Barclay, CEO and group head of capital markets for BMO Financial Group, will retire on Nov. 1 and transition to a role as senior advisor to the CEO. BMO selected Alan Tannenbaum to succeed Barclay and to join the bank’s executive committee.
BMO appointed Darrel Hackett U.S. CEO of BMO Financial Group, president and CEO of BMO Harris Bank and CEO of BMO’s U.S. holding company, BMO Financial Corp. Hackett’s appointment follows the retirement announcement of Dave Casper.
BMO Financial Group appointed Nadim Hirji as group head of BMO Commercial Banking. Hirji will report to CEO Darryl White and join the bank’s executive committee. Hirji’s appointment will go into effect March 1.
BMO Financial Group has received all required regulatory approvals to complete its acquisition of Bank of the West from BNP Paribas and expects the acquisition to close on Feb. 1, subject to the satisfaction of customary closing conditions.
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.