Key facts
- Bank of Montreal hired Trevor van Arragon.
- Trevor van Arragon was previously at Toronto-Dominion Bank.
- He will lead BMO's Canadian business banking division.
- The role is newly created.
This hiring signifies a strategic move by BMO to bolster its domestic business banking operations. Bringing in talent from a direct competitor like TD suggests BMO's intent to strengthen its market position and potentially capture new business opportunities within Canada.