BMO names Darrel Hackett as head of U.S. division as current lead to retire

By The Canadian Press on April 20, 2023.

TORONTO – BMO says it has named Darrel Hackett as head of the bank’s U.S. operations as the current lead Dave Casper is set to retire.

The bank says that as of June 1, Hackett will be U.S. chief executive of BMO Financial Group, president and CEO of BMO Harris Bank N.A., and chief executive of the bank’s U.S. holding company BMO Financial Corp.

Hackett will come into the role from his position as president of BMO Wealth Management in the U.S., while he has served in several leadership positions since joining the bank in 2004.

He steps into the role as BMO works to integrate its US$16.3-billion acquisition of California-based Bank of the West that closed in February.

BMO chief executive Darryl White says in a statement that Hackett’s dedication to clients, community leadership and focus on inclusion will be key to the success of the bank’s U.S. operations.

BMO says Casper, who jointed the bank in 1984, will serve as chair of the board of BMO Financial Corp. after his retirement from his current role.

This report by The Canadian Press was first published April 20, 2023.

Companies in this story: (TSX:BMO)

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