Daryl White has been appointed chief executive officer of BMO Financial Group.

White was previously chief operating officer and before that was group head at BMO Capital Markets. He succeeds Bill Downe who announced in the spring that he would retire from the bank in October after more than a decade as CEO.

"BMO has delivered strong performance and steady growth as a result of Bill Downe'sincredible leadership these past ten years," said Mr. White. "The resulting impact is that today, each part of the bank contributes materially to BMO's overall strength.

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