BMO has appointed Darrel Hackett as US Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO’s US holding company, BMO Financial Corp. His appointment is effective June 1, 2023.

Hackett will report to Chief Executive Officer Darryl White, join the bank’s Executive Committee and will chair the US Management Committee.

Joining BMO in 2004, Hackett led the bank’s US Business Banking group, as Head of the North American Integrated Channels team, and most recently as President of BMO Wealth Management.

“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 US,” said Darryl White, CEO of BMO Financial Group.

Hackett will replace Dave Casper, US CEO, BMO Financial Group, who recently announced his retirement. Beginning in the summer, Casper will serve as Chair of the Board, succeeding John Rau.

“We are grateful for the extraordinary guidance and leadership John has provided throughout his distinguished tenure on the board. He is an important part of our U.S. bank’s strong governance model and I look forward to Dave bringing his many years of experience to the role of Chair,” added White.