Bank of Montreal announced that Claude Gagnon, president, operations, BMO Financial Group, Quebec, intends to retire as of October 31, 2022. Further, Gregoire Baillargeon, currently managing director and Co-head, BMO Capital Markets, Quebec, will become president, BMO Financial Group, Quebec, effective November 1, 2022. Mr. Baillargeon joined BMO over 17 years ago and boasts an impressive track record, client-focused vision and business leadership skills that will serve him well in his role driving economic and social impact in Quebec.

Mr. Baillargeon will also assume the role of vice chair, working with Capital Markets to maintain and build deep client relationships and supporting the growth and development of all the bank's activities across the province.