BMO Names White to Succeed Milroy at Bank’s Capital Markets Unit

Sep 03, 2014 6:08 pm ET

Sept. 3 (Bloomberg) -- Bank of Montreal named Darryl White, global head of investment and corporate banking, as the next chief executive officer of its BMO Capital Markets unit.

White, 43, will take over on Nov. 1 from Thomas Milroy, 59, who is retiring, the Toronto-based bank said today in a memo to employees, a copy of which was obtained by Bloomberg News. Eric Tripp, 58, president of BMO Capital Markets, is also retiring. Both will stay on during a transition period, according to the memo.

Patrick Cronin, 47, currently head of trading products, will become BMO Capital Market’s chief operating officer, according to the memo. White joined BMO Capital Markets in 1994, while Cronin joined a year earlier. Bank of Montreal is Canada’s fourth-largest lender.