CEO Darryl White says the changes will help it improve performance.
SPENCER COLBY/THE CANADIAN PRESS
Bank of Montreal BMO-T is shaking up its senior executive team as the lender aims to expand its business and realigns its division in the United States.
The bank is rejigging the structure of its U.S. business as it looks to rebuild its profitability. It is combining its key businesses south of the border and installing several new senior leaders – including an executive from a major U.S. bank – to sit at the CEO table.
BMO has been working to revive its return on equity – an industry metric that measures profitability. Chief executive officer Darryl White said the changes will help improve the bank’s performance through enhanced collaboration, artificial intelligence and technology integration, and better client advice and service.
