BMO names Tim Cox as U.S. Country Head, Hackett to retire

BMO Financial Group (NYSE: BMO) announced the appointment of Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries, BMO Financial Corp. and BMO Bank N.A., effective Nov. 1, 2026.

Cox will report to Darryl White, Chief Executive Officer of BMO Financial Group, join the bank's Executive Committee, and chair the U.S. Management Committee. Cox joined BMO in 2010 and has held several senior legal and regulatory compliance roles, including Global Chief Regulatory Officer. Since 2022, he has served as U.S. General Counsel.

White said in a statement that Cox's "leadership, deep understanding of our business and commitment to serving our clients, colleagues and communities will be key to the continued success of our U.S. franchise."

Darrel Hackett, the current U.S. CEO, announced his intention to retire after more than 22 years with BMO. Hackett will transition to the role of Executive Vice-Chair and Senior Advisor, also effective Nov. 1, 2026.

BMO Financial Group reported total assets of $1.5 trillion as of July 31, 2026, and serves more than 13 million customers across Canada, the United States, and select global markets.

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