REG - Bank of Montreal - BMOFG Announces Executive Appointment

Bank of MontrealAnnouncement

18/09/2025 07:00

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RNS Number : 7878Z  Bank of Montreal  17 September 2025

 
NEWS

FOR IMMEDIATE RELEASE

 

BMO Announces Retirement of Tayfun Tuzun, Names Rahul Nalgirkar CFO, BMO
Financial Group

 

TORONTO, September 17, 2025 - BMO Financial Group today announced the
upcoming retirement of its Chief Financial Officer (CFO) Tayfun Tuzun and the
appointment of Rahul Nalgirkar to the role.

 

Mr. Tuzun joined BMO in 2020 and has led the bank's enterprise and group-level
finance teams, alongside treasury, corporate development, strategy,
accounting, taxation, investor relations and financial performance management
functions.

 

"Tayfun joined BMO during one of the most dynamic periods in our history,
working with our leadership team to serve our clients, digitize and streamline
operations, and acquire and integrate Bank of the West," said Darryl White,
Chief Executive Officer, BMO Financial Group. "BMO has benefited from Tayfun's
leadership and expertise, including his oversight of the effective management
of capital, liquidity and funding as we established BMO as one of North
America's largest banks."

 

Mr. Tuzun will retire from BMO in early 2026. Appointed to the board of
directors of BMO's U.S. subsidiary, BMO Financial Corp. in 2023, Mr. Tuzun
plans to continue to serve in that capacity.

Following a transition period as Deputy CFO, Rahul Nalgirkar will be appointed
CFO, effective January 1, 2026, and join the bank's Executive Committee.

 

Mr. Nalgirkar joined BMO in 2022 as CFO of BMO U.S. and of BMO's commercial
banking businesses in Canada and the U.S. Prior to joining BMO, Mr. Nalgirkar
served as Line of Business Group CFO at Fifth Third Bank, following corporate
finance roles at GE Capital, Citigroup, and CIT.

 

"Rahul is a dynamic, strategic, finance leader with a deep understanding of
the financial services industry in North America and a proven collaborator and
catalyst for performance," continued Mr. White. "Whether it's making progress
for holistic and comprehensive service to our clients across our businesses
and geographies or bringing our strategy to life and cutting through
complexity to deliver results, Rahul's impact is clear and significant. Tayfun
will continue to work closely with Rahul through this transition period."

 

About BMO Financial Group

BMO Financial Group is the seventh largest bank in North America by
assets, with total assets of $1.4 trillion as of July 31, 2025. Serving
customers for 200 years and counting, BMO is a diverse team of highly engaged
employees providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and services to 13
million customers across Canada, the United States, and in select markets
globally. Driven by a single purpose, to Boldly Grow the Good in business
and life, BMO is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive society.

 

For further information: Media Relations Contact: John Fenton, Toronto,
john.fenton@bmo.com (mailto:john.fenton@bmo.com) , (416) 867-3996; Investor
Relations Contacts: Christine Viau, Head, Investor Relations,
christine.viau@bmo.com (mailto:christine.viau@bmo.com) , 416-867-6956; Bill
Anderson, Managing Director, Investor Relations, bill2.anderson@bmo.com
(mailto:bill2.anderson@bmo.com) , 416-867-7834

 

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