By Sumayya
BMO announced a leadership shift for the boss of its U.S. business.
The bank says Darrel Hackett will step down from his job as U.S. CEO after more than 22 years with BMO, and he will move into
a vice-chair and top adviser job starting November 1.
BMO says Tim Cox has been picked, starting November 1, as the new U.S. country head for BMO Financial Group and the CEO
of its U.S. companies, BMO Financial Corp. and BMO Bank N.A. Cox started working at the bank in 2010 and has held several
jobs dealing with legal and regulatory rules.
Darryl White, the overall CEO of BMO, stated in a news report that Hackett played a key part in helping grow the U.S. business.
This news comes out after BMO, TD Bank, and other large U.S. banks were named in a report by the U.S. Office of the
Comptroller of the Currency regarding “debanking,” which means stopping or limiting access to banking tools for certain U.S.
customers because of what they politically believe.
