BMO announced the appointment of Darrel Hackett as U.S. Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO's U.S. holding company, BMO Financial Corp. (BFC). Mr. Hackett will report to Chief Executive Officer Darryl White, join the bank's Executive Committee, and will chair the U.S. Management Committee. His appointment is effective June 1, 2023.

Joining BMO in 2004, among several leadership roles at BMO and in the community, Mr. Hackett has served BMO's clients as the leader of the bank's U.S. Business Banking group, as Head of the bank's North American Integrated Channels team, and most recently as President of BMO Wealth Management – U.S., leading a team of wealth management professionals across the country.

"As our U.S. CEO, Darrel's track record of dedication to our clients' success, extensive community leadership, and commitment to making progress for the elimination of barriers to inclusion will be key to the continued success of BMO U.S.," said Darryl White, CEO of BMO Financial Group. "Darrel is a purpose-driven, high performing and client focused leader and I am excited to work with him in this new role as Team BMO continues to break new ground in the U.S. market."

Mr. Hackett's appointment follows the retirement announcement of Dave Casper, U.S. CEO, BMO Financial Group. Joining BMO with the bank's acquisition of Harris Bank in 1984, Mr. Casper led BMO's U.S. commercial banking business since 2010, BMO's North American commercial banking business since 2015, and has served as U.S. CEO since 2018.