BMO appoints head of Capital Markets as new chief operating officer

TORONTO – BMO Financial Group (TSX:BMO) says Darryl White will become its chief operating officer on Tuesday, one of a number of high-level appointments announced Friday by the bank.

White succeeds Frank Techar, who will become vice-chair of BMO Financial Group. Techar has been COO since November 2013.

The moves were among several announced by Bill Downe, who has been BMO’s chief executive since 2007.

As chief operating officer, White will head BMO’s personal, commercial and wealth businesses. He will also oversee marketing and the bank’s technology operations, the bank said.

White has been group head for BMO Capital Markets. He’ll be succeeded in that job by Patrick Cronin.

In his new role as vice-chair, Techar will work to help the bank grow its business with a particular focus on the U.S. Midwest.

Techar joined the bank in 1984 and led its U.S. personal and commercial banking business from 2002 until 2006 when he was appointed head of BMO’s Canadian personal and commercial banking business.