BMO Names Tim Cox U.S. Country Head in Executive Shake-Up
BMO Financial Group appointed Tim Cox as U.S. Country Head while Darrel Hackett moves to Executive Vice-Chair and Senior Advisor.
BMO Financial Group announced a significant leadership realignment on Oct. 20, 2026, naming Tim Cox as U.S. Country Head and chief executive of the bank's American subsidiaries, the Toronto- and Chicago-based institution said.
Cox's appointment marks a transition at the top of BMO's U.S. operations, with outgoing U.S. leader Darrel Hackett set to assume the role of Executive Vice-Chair and Senior Advisor — a shift that keeps Hackett within the organization in a senior capacity.
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The dual announcement signals BMO's continued emphasis on its U.S. franchise, which has grown substantially in recent years through acquisition and organic expansion. Retaining Hackett in an advisory role suggests the bank intends to draw on his institutional knowledge as Cox takes the operational reins.
BMO Financial Group is one of Canada's largest banks and maintains a significant cross-border presence, with U.S. subsidiaries that serve retail, commercial, and institutional clients. Leadership continuity in its American operations is closely watched by investors and industry observers tracking the bank's North American strategy.
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