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BMO Announces New U.S. Country Head Amid Leadership Transition
Tim Cox will take over BMO’s U.S. subsidiaries as Darrel Hackett retires after more than 22 years and shifts to an advisory role.
- On Tuesday, BMO Financial Group announced Tim Cox will become U.S. Country Head and CEO of BMO Financial Corp. and BMO Bank N.A., effective Nov. 1, 2026.
- Current U.S. CEO Darrel Hackett will retire after more than 22 years with BMO, transitioning to Executive Vice-Chair and Senior Advisor effective Nov. 1.
- Cox joined BMO in 2010 and has held various Legal and Regulatory Compliance leadership roles, serving as U.S. General Counsel since 2022.
- The leadership change follows BMO's March disclosure to investors that its U.S. division underperformed expectations, prompting focus on reviving operations.
- BMO Financial Group, North America's eighth-largest bank by assets, manages $1.5 trillion and serves more than 13 million customers across Canada and the United States.
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17 Articles
17 Articles
The Toronto Star+5 Reposted by 5 other sources
BMO announces new U.S. banking head amid leadership transition
BMO announced a leadership transition for the head of its U.S. operations.
·Toronto, Canada
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Coverage Details
Total News Sources17
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
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