financetom
Business
financetom
/
Business
/
BMO hires former BofA executive Aron Levine to lead US units, rejigs teams
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BMO hires former BofA executive Aron Levine to lead US units, rejigs teams
Jun 5, 2025 6:08 AM

TORONTO, June 5 (Reuters) - Bank of Montreal ( BNKD )

has hired former Bank of America executive Aron Levine

to head some of its main U.S. businesses, the Canadian lender

said on Thursday.

Levine will lead BMO's U.S. personal and business banking,

commercial banking and wealth management businesses as the

lender restructures its business in the United States.

He will be based at BMO's U.S. headquarters in Chicago and

report to BMO CEO Darryl White and the bank's U.S. CEO Darrel

Hackett.

The bank made several executive changes alongside Levine's

appointment as it bets on the U.S. market.

Over almost 32 years at BofA, Levine expanded its investment

business and grew its branch network, often criss-crossing the

country to visit its offices. He left BofA in April, most

recently serving as its president of preferred banking.

"These experienced leaders bring the capabilities that will

help us accelerate our performance," White said. Combining the

U.S. businesses will help BMO boost its return on equity, he

added.

BMO's focus on the United States follows its $16 billion

acquisition of Bank of the West in 2023, which tapped into a

lucrative market in the western United States. It is seeking new

opportunities outside of its home market in Canada.

The bank has also hired Tony Sciarrino from JPMorgan Chase ( JPM )

as the head of its U.S. commercial banking business and

named former EY executive Kristin Milchanowski as its chief AI

officer.

Ernie Johannson, BMO's head of North American personal and

business banking, will retire in 2026, the lender said.

Sharon Haward-Laird and Mat Mehrotra were named co-heads for

Canadian personal and commercial banking. Haward-Laird will also

be responsible for Canadian commercial banking and North

American shared services, while Mehrotra will lead Canadian

personal and business banking.

Nadim Hirji, BMO's commercial banking head, will become vice

chair, the bank said.

All appointments are effective July 7, BMO said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Corcept's ovarian cancer drug cuts disease progression in study, shares jump
Corcept's ovarian cancer drug cuts disease progression in study, shares jump
Mar 31, 2025
(Reuters) -Corcept Therapeutics ( CORT ) said on Monday its experimental drug in combination with chemotherapy helped delay progression of a type of ovarian cancer in a late-stage trial. The company's shares surged about 89% to a record high of $103.30, on track to add about $5.14 billion to the company's market value, if gains hold. The drug, relacorilant, in...
UWM Appoints Rami Hasani as CFO
UWM Appoints Rami Hasani as CFO
Mar 31, 2025
01:45 PM EDT, 03/31/2025 (MT Newswires) -- UWM Holdings ( UWMC ) said Monday it appointed Rami Hasani as its new chief financial officer, effective April 1. Hasani joined the company in November 2020 as vice president, financial reporting and compliance, according to UWM. Hasani succeeds Andrew Hubacker, who will become a senior adviser, the company added. Shares of UWM...
Apple Expands Apple Intelligence Features in New Regions, Languages
Apple Expands Apple Intelligence Features in New Regions, Languages
Mar 31, 2025
01:42 PM EDT, 03/31/2025 (MT Newswires) -- Apple ( AAPL ) announced that its Apple Intelligence features are expanding to new regions and languages, and will also be available on the Vision Pro. IPhone and iPad users in the EU will gain access to Apple Intelligence features for the first time, the company said Monday in a statement. Price: 219.69,...
Sector Update: Consumer
Sector Update: Consumer
Mar 31, 2025
01:40 PM EDT, 03/31/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.7%. In corporate news, United Airlines (UAL) said Monday it received approval from the Federal Aviation Administration to equip its first aircraft with Starlink technology. United...
Copyright 2023-2026 - www.financetom.com All Rights Reserved