AI news brief
BMO appoints new U.S. head as Darrel Hackett steps down
Globe and Mail - Business - 2026-10-20
AI Summary
Bank of Montreal has appointed Tim Cox as its new U.S. country head, succeeding Darrel Hackett who will transition to an executive vice-chair role. This leadership change comes as BMO aims to improve the profitability of its U.S. operations, which have underperformed expectations. Cox's appointment signals the bank's continued focus on reviving its U.S. business for growth.
Key takeaways
- BMO appoints new U.S. head, Tim Cox.
- Outgoing U.S. head Darrel Hackett moves to advisory role.
- Bank aims to boost U.S. division profitability.
What this could mean for homebuyers
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