Leading Bank Joins Lpl Financial’s Institution Services Platform
LPL Financial Holdings Inc. , the parent corporation LPL Financial LLC, today announced that BMO Harris Financial Advisors – the retail brokerage and advisory business of BMO Harris Bank – has joined LPLs Institution Services platform.
SAN DIEGO March 30, 2021 LPL Financial Holdings Inc. , the parent corporation LPL Financial LLC, today announced that BMO Harris Financial Advisors – the retail brokerage and advisory business of BMO Harris Bank – has joined LPLs Institution Services platform. BHFA comprises approximately 115 financial advisors, who collectively serve approximately $15 billion of brokerage and advisory assets.
BMO Harris Bank and LPL Financial signed an agreement in October 2020 to transition support of the banks retail advisory and brokerage business to LPL. On March 27, BHFA joined LPLs Institution Services platform and onboarded approximately $11 billion of brokerage and advisory assets. The remaining approximately $4 billion of assets are expected to onboard over the next several months.
President Bmo Wealth Management Us Bmo Financial Group
Darrel has served as President, BMO Wealth Management â U.S. since 2014. He is accountable for BMOâs private wealth management businesses in the United States, leading a team of 1,000 high performing professionals and over $130 billion in client assets. He also serves on the board of directors of BMO Harris Bank N.A., the board that governs BMO Financial Groupâs principal banking subsidiary in the United States.
Since joining BMO in 2004, Darrel has held several leadership roles including Head of North American Integrated Channels Head of US Business Banking Regional President – Chicago Metro and Head of Acquisition Integration. Before joining BMO, Darrel was a management consultant at McKinsey & Company. Prior to that, he held a variety of roles at the General Electric Company.
Darrel serves as an independent board director for Glatfelter , a global B2B engineered materials supplier. He also is a board director for the Art Institute of Chicago, the Rush University Medical Center and Chicago United.
Darrel has an MBA from Stanford Universityâs Graduate School of Business and a Bachelor of Science in Mechanical Engineering from the University of Tennessee, Knoxville.
About Bmo Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $709 billion as of July 31, 2017 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital MarketsTM, our North American investment and corporate banking division.
On July 5, 2011, BMO announced that it had completed the acquisition of Milwaukee-based Marshall & Ilsley Corporation . M& I merged with Harris Bank to form BMO Harris Bank N.A., part of BMO Financial Group. This integration was completed on October 8, 2012, and all branches now operate under the name BMO Harris Bank.
We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.
BMO Capital Markets
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Chief Executive Officer Bmo Financial Group
Darryl White was appointed Chief Executive Officer of BMO in 2017. He serves as a director of BMO Financial Group as well as its U.S. subsidiary, BMO Financial Corp. He is a member of the Ottawa-based Business Council of Canada, the Washington, D.C.-based The Business Council, the Mayor of Beijingâs International Business Leaders Advisory Council, and The Bank Policy Institute, a nonpartisan public policy, research and advocacy group, representing leading banks in the U.S. Darryl is Chair of the Catalyst Canada Advisory Board and a member of the Catalyst Board of Directors.
Mr. White has strong ties to United Way Centraide. In 2018, he became Co-Chair of the Inclusive Local Economic Opportunity Roundtable, a partnership between BMO and United Way Greater Toronto that brings together business and community leaders to develop approaches to reduce economic disparity in the region.
Mr. White serves as Campaign Cabinet Co-President for the Montréal Childrenâs Hospital Foundation. He is also a director of both the National Hockey Leagueâs Montreal Canadiens, and Alpine Canada, the governing body for alpine, para-alpine and ski cross racing in Canada.
Mr. White is a graduate of the University of Western Ontario’s Richard Ivey School of Business and has completed the Advanced Management Program at the Harvard Business School.
David is a member of BMO Financial Groupâs Executive Committee, and he chairs BMOâs U.S. Management Committee.
Culture And Contemporary Life
The city’s waterfront location and nightlife has attracted residents and tourists alike. Over a third of the city population is concentrated in the lakefront neighborhoods from in the north to in the south. The city has many upscale dining establishments as well as many ethnic restaurant districts. These districts include the neighborhoods, such as along 18th street, and La Villita along 26th Street the enclave of in the neighborhood , along South , immediately west of downtown , along Taylor Street in in in around Lawrence Avenue near in Uptown and the area, along in .
Downtown is the center of Chicago’s financial, cultural, governmental and commercial institutions and the site of and many of the city’s skyscrapers. Many of the city’s financial institutions, such as the and the , are located within a section of downtown called “”, which is an eight-block by five-block area of city streets that is encircled by elevated rail tracks. The term “The Loop” is largely used by locals to refer to the entire downtown area as well. The central area includes the , the , and the , as well as the Loop. These areas contribute famous , abundant restaurants, , , a for the , , , and .
contains the and the . The features the nation’s largest concentration of contemporary art galleries outside of New York City.
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Us Chief Auditor Bmo Financial Group
Don Erickson is the U.S. Chief Auditor for BMO Financial Group and is responsible for leading a team of audit professionals, identifying insights into current, emerging and potential issues, trends, and opportunities that will enhance efficiency and effectiveness of control processes.
Most recently, Don served as the Managing Director for U.S. Corporate Audit, accountable for the U.S. Regulatory and Enterprise AML audit teams while also coordinating various strategic initiatives for the Division.
Don began his career at BMO Financial Group in 2008 as the U.S. Regulatory Compliance & Governance Director in the Corporate Audit Division. Donâs team was responsible for the planning and execution of numerous audits with a focus on high risk consumer regulations and business practices.
Prior to joining BMO, Don served as Associate Audit Director at Raymond James Financial in St. Petersburg, Florida. Donâs career also includes tenures with Franklin Templeton Investments and PwC.
Don received his Bachelor of Arts degree in Accounting and Computer Science from Augustana College and a Master of Business Administration from the University of Tampa.
Don is a Board Member of the Lutheran Social Services of Illinois and serves as Chair of the Audit Committee.
Naming Rights And Sponsorships
BMO Harris Bank owns corporate naming rights to the following:
- BMO Harris Pavilion at Summerfest in Milwaukee Official Sponsor of Summerfest.
BMO Harris Bank is a sponsor of:
- Chicago Bulls Official Bank of the Chicago Bulls.
- Chicago Blackhawks Official Bank of the Chicago Blackhawks.
- Chicago White Sox Official Partner of the Chicago White Sox.
- Milwaukee Bucks Official Bank of the Milwaukee Bucks.
- Minnesota Wild Official Partner of the Minnesota Wild.
- Wisconsin Badgers Athletics Official Partner of the UW-Madison Badgers.
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Entertainment And The Arts
The performs at , and is recognized as one of the best orchestras in the world. Also performing regularly at is the , a more diverse and multicultural counterpart to the CSO. In the summer, many outdoor concerts are given in and . , located 25 miles north of Chicago, is the summer home of the CSO, and is a favorite destination for many Chicagoans. The is home to the . The was founded by in 1956, and presents operas in .
Other live-music genre which are part of the city’s cultural heritage include , , , and . The city is the birthplace of and , and is the site of an influential . In the 1980s and 90s, the city was the global center for house and industrial music, two forms of music created in Chicago, as well as being popular for , , and . The city has been a center for culture, since the 1980s. A flourishing independent rock music culture brought forth Chicago . feature various acts, such as and the . A 2007 report on the Chicago music industry by the ranked Chicago third among metropolitan U.S. areas in “size of music industry” and fourth among all U.S. cities in “number of concerts and performances”.
Chicago contains a number of large, outdoor works by well-known artists. These include the , by , , and by , by , by , by , by , by , and the mosaic by .
Monuments And Public Art
More representational and portrait statuary includes a number of works by ” rel=”nofollow”> Eternal Silence, and the completed by ), , , and , Brioschi’s , , , , , to , memorials along Solidarity Promenade to , and by , Strachovský, and , a by , and . A number of statues also honor recent local heroes such as , , and outside of the , next to the studios, and at the .
There are preliminary plans to erect a 1:1scale replica of ‘s statue of found in ‘s along Chicago’s lakefront in addition to a different sculpture commemorating the artist in for the 200th anniversary of ‘s birth.
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George Walzsenior Vice President And Chief Compliance Officer Bmo Financial Group
George Walz is Senior Vice President and Chief Compliance Officer at BMO Financial Corp. As Chief Compliance Officer, George is responsible for the overall strategic leadership, oversight and performance of BMOâs U.S. compliance program.
Prior to joining BMO in 2014, George was Vice President and Head of the Office of Risk and the Office of Regulatory Programs at the Financial Industry Regulatory Authority in Washington DC. He oversaw FINRAâs risk management function and the development of regulatory programs used by FINRA in its risk based examination programs of business conduct, financial risks and market conduct areas covering U.S. securities regulations.
George has served as a technical expert on risk based supervision of financial intermediaries for the International Monetary Fund and World Bank on projects with regulators to strengthen risk based supervision in countries in Latin America and Africa.
Us Chief Technology And Operations Officer And Chief Operating Officer Technology And Operations
Victor Tung is the U.S. Chief Technology and Operations Officer and Chief Operating Officer, Technology and Operations for BMO Financial Group. He leads a global team that is responsible for transformation and integration across Technology and Operations. His mandate also includes the development and implementation of technology solutions for the bank’s corporate and international banking areas.
In Victor’s capacity as U.S. Chief Technology and Operations Officer, he is responsible for the strategic and operational governance processes of the U.S. T& O organization to ensure it is consistent with Enterprise direction and operates in alignment with the U.S. Governance model.
Victor is a graduate of the Rotman Executive Masters of Business Administration program, holds an Honours Business Administration degree from the University of Toronto Scarborough, has a Certificate in Human Resource Management from Woodsworth College and earned his Global Professional Master of Laws from the University of Toronto’s Faculty of Law in 2015.
Victor is well known as a respected thought leader in the technology industry and has been recognized as one of Canada’s Top 40 Under 40.
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Head Us Corporate Finance
Dan leads the U.S. Corporate Finance Group, which represents about half of the Commercial Bank. Corporate Finance includes Asset-Based Lending, Dealer Finance, Equipment Finance, Financial Institutions, Franchise Finance, Sponsor Finance, Sponsor Fund Lending and Community Investments.
He previously served as managing director and head of Merrill Lynch Capital’s corporate finance unit where he led a team dedicated to providing cash flow, asset-based, junior secured and mezzanine financing solutions to middle market companies. Prior to joining Merrill Lynch, Dan spent 17 years with Heller Financial, most recently as group president of corporate finance with similar responsibilities to Merrill Lynch but also included equity investments and mergers & acquisitions advisory activities.
Dan has a bachelor’s degree in Finance and Marketing from Northern Illinois University and an MBA from the University of Chicago Booth School of Business.
Chief Financial Officer Bmo Financial Corp
Stephen R. Taylor currently serves as Chief Financial Officer, of BMOâs U.S. Operations and BMO Financial Corp. and is responsible for all aspects of the company’s financial operations and processes including financial accounting and reporting, business planning & forecasting, management reporting and the treasury capital management functions. Mr. Taylor is also an active participant in the development and implementation of the company’s business strategy.
Before joining BMO, Mr. Taylor was most recently with Citizens Financial Group where he served as Chief Financial Officer to the Consumer & Business Banking segment. Prior to Citizens Mr. Taylor had been with Fleet Boston Financial Corp. where he held a number of positions, the most recent of which being Director of Finance. Mr. Taylor began his career at KPMG and was Senior Manager in that firm’s banking practice.
Mr. Taylor received his BS in Accounting from Providence College. He is a CPA and current member of the AICPA. Mr. Taylor is a member of the Board of Directors of the Boys & Girls Club of Chicago.
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Th And 21st Centuries
1900 to 1939
During and the 1920s there was a major expansion in industry. The availability of jobs attracted African Americans from the . Between 1910 and 1930, the African American population of Chicago increased dramatically, from 44,103 to 233,903. This had an immense cultural impact, called the , part of the , in art, literature, and music. Continuing racial tensions and violence, such as the , also occurred.
The ratification of the 18th amendment to the Constitution in 1919 made the production and sale of alcoholic beverages illegal in the United States. This ushered in the beginning of what is known as the Gangster Era, a time that roughly spans from 1919 until 1933 when was repealed. The 1920s saw , including , , and battle law enforcement and each other on the streets of Chicago during the . Chicago was the location of the infamous in 1929, when Al Capone sent men to gun down members of a rival gang, North Side, led by Bugs Moran.
Chicago was the first American city to have a homosexual-rights organization. The organization, formed in 1924, was called the . It produced the first American publication for homosexuals, . Police and political pressure caused the organization to disband.
In 1933, Chicago Mayor was fatally wounded in , during a attempt on President-elect . In 1933 and 1934, the city celebrated its centennial by hosting the International Exposition . The theme of the fair was technological innovation over the century since Chicago’s founding.
Head Us Diversified Industries Group
Ray leads the U.S. Diversified Industry Group which provides commercial banking services to private and public companies in a variety of industries, commercial real estate entities, government and municipalities, schools, social services organizations, and culture institutions. He is also accountable for developing and implementing the line of business strategy, building new customer relationships, and the overall financial performance of the business.
Since joining BMO in June 1986, Ray has worked extensively with both publicly held, equity sponsor owned, and privately held companies in a wide range of industries. Prior to rejoining the commercial bank in 2007, he was responsible for investment banking coverage activities in the Commercial and Industrial Group of BMO Capital Markets. He focused on raising public and private equity and debt, M& A engagements, structured finance, and lead syndicated loan transactions for clients and prospects throughout the United States.
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Group Head North American Personal & Business Banking
Ernie Johannson is BMOâs Group Head of North American Personal and Business Banking and a member of the bankâs Executive Committee. Ernie leads 19,000 team members responsible for helping nearly 10 million personal and business banking customers make real financial progress.
In her current role, Ernie supports BMOâs efforts to accelerate growth, building on her passion for delivering exceptional customer service and her track record of innovating and generating sustainable profit growth in a rapidly changing environment. Her North American mandate allows her to scale BMOâs technological and cultural transformations already underway in both geographies. Under her leadership, the Personal and Business Banking teams have been recognized regularly for best-in-class products and customer experience, including among Forbes list of Worldâs Best Banks and American Bankerâs ranking of the Top 15 Customer Experiences. The team was also recognized as having the best mobile money management experience in Canada by Insider Intelligence.
Previously, Ernie led U.S. Personal and Business Banking. She launched a bold strategy that changed the businessâ trajectory, increased revenue by double digits, and improved employee engagement significantly despite a heavy change agenda. She also championed the launch of enhanced digital banking to both meet growing customer expectations and compete with larger-scale U.S. banks.
