BMO Names Tim Cox Head of U.S. Operations as Darrel Hackett Steps Back
BMO appoints Tim Cox U.S. Country Head effective November 1, 2026; Darrel Hackett moves to Executive Vice-Chair and Senior Advisor after retiring as U.S. CEO.
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what happened
Bank of Montreal's BMO Financial Group has appointed Tim Cox as U.S. Country Head, and as chief executive of its U.S. subsidiaries BMO Financial Corp. and BMO Bank N.A. The move takes effect on November 1, 2026. Cox will report to BMO Financial Group CEO Darryl White, join the bank's executive committee and lead the U.S. management committee, according to TradingView. He joined BMO in 2010, and since 2022 has served as the bank's U.S. general counsel.
Darrel Hackett, who has led the U.S. business, plans to retire after more than 22 years at BMO. From November 1 he will become Executive Vice-Chair and Senior Advisor. Reuters also reported the changes in a brief note that repeats the bank's announcement heading.
why it matters
For markets this is a leadership change at a single bank and is unlikely to move BMO's shares much. Investors tracking the bank's North American growth may watch how the new U.S. leadership handles expansion, risk management and regulatory oversight, the priorities White highlighted.
tags
instruments
sources
- BMO Announces Executive Appointments — TradingView, 20 October 2026 at 20:30 UTC
- BMO Announces Executive Appointments — Reuters, 20 October 2026 at 22:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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