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.
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 announced BMO EMpower, a series of long-term commitments to advance inclusive economic recovery in the United States, pledging $5 billion over the next five years to address key barriers faced by minority businesses, communities and families.
BMO Harris Bank has hired two vice chairs, Eric Smith and Michael Morton, who will report directly to David Casper, U.S. CEO, BMO Financial Group.
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.
BMO Harris Bank appointed Erminia Johannson as group head, U.S. Personal and Business Banking. She succeeded Alex Dousmanis-Curtis, who was named head of sales and distribution, BMO’s Canadian Personal and Business Banking.