BMO Financial Group has appointed Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries, BMO Financial Corp. and BMO Bank N.A., effective November 1, 2026. Cox will report to Darryl White, CEO of BMO Financial Group, and will join the bank’s Executive Committee while chairing the U.S. Management Committee. ([prnewswire.com](https://www.prnewswire.com/news-releases/bmo-announces-executive-appointments-302914546.html?utm_source=openai))
Since joining BMO in 2010, Cox has held several senior roles in Legal & Regulatory Compliance, including Global Chief Regulatory Officer. He has served as U.S. General Counsel since 2022. ([prnewswire.com](https://www.prnewswire.com/news-releases/bmo-announces-executive-appointments-302914546.html?utm_source=openai))
Darrel Hackett, the current U.S. CEO, has announced his intention to retire after more than 22 years with BMO. He will transition to the role of Executive Vice-Chair and Senior Advisor, also effective November 1. ([prnewswire.com](https://www.prnewswire.com/news-releases/bmo-announces-executive-appointments-302914546.html?utm_source=openai))
BMO Financial Group, the eighth largest bank in North America by assets, reported total assets of $1.5 trillion as of July 31, 2026. The bank serves more than 13 million customers across Canada, the United States, and select global markets. ([prnewswire.com](https://www.prnewswire.com/news-releases/bmo-announces-executive-appointments-302914546.html?utm_source=openai))