TORONTO, ONTARIO--(Marketwired - Sep 4, 2014) - Editors Note: There is a photo associated with this press release.
BMO Financial Group (TSX: BMO)(NYSE: BMO) today announced leadership changes at BMO Capital Markets.
Darryl White, Head of Global Investment & Corporate Banking, is appointed Group Head, BMO Capital Markets; Patrick Cronin, Head of Trading Products, is appointed Chief Operating Officer, BMO Capital Markets.
These appointments are effective November 1, 2014, and coincide with the upcoming retirements of Tom Milroy as Group Head and Chief Executive Officer, BMO Capital Markets, and Eric Tripp, President, BMO Capital Markets. Mr. Milroy and Mr. Tripp will stay on with the bank through a period of transition.
"Tom and Eric have made outstanding contributions to BMO. Their deep knowledge of investment banking and capital markets and their prudent management of risk have made them invaluable to BMO and our clients. Over the past eight years, they have strengthened BMO Capital Markets, creating a leading North American investment bank that is differentiated by innovative ideas and unified coverage," said Bill Downe, Chief Executive Officer, BMO Financial Group. "They have served as generous and caring mentors to the next generation of leaders. Equally important, they stand out for championing diversity and inclusion in the workplace and in the broader community.
"The appointments of Darryl and Pat reflect their personal track records of achievement in serving customers, fostering partnerships within BMO Financial Group and meeting financial objectives. They have had tremendous success in moving our business forward, and they are respected by colleagues and customers alike for their unwavering commitment to applying the very best thinking to our clients' needs. They will continue to play critical roles in driving and deepening client relationships."
A graduate of Western University's Ivey Business School and the Advanced Management Program at Harvard Business School, Mr. White joined BMO Capital Markets in 1994. He has served on the boards of various community and philanthropic causes and is a Director of the Montreal Canadiens. In his new role, he will report to Bill Downe.
Mr. Cronin holds an MBA from Western University's Ivey Business School and a Bachelor of Arts from the University of Toronto. He joined BMO Capital Markets in 1993. He serves on the boards of the Canadian Derivatives Clearing Corporation and the Canadian Merit Scholarship Foundation. In his new role, he will report to Darryl White.
Full biographies are available at www.bmocm.com/aboutus/execbios/.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets exceeding $586 billion and approximately 47,000 employees at July 31, 2014.
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