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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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11 Articles
11 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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Tim Cox appointed to the position of Chief, United StatesDesignation of Darrel Hackett as Council Delegate and Senior Advisor MONTREAL and CHICAGO,
·Montreal, Canada
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Total News Sources11
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
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