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BMO Financial Group Expands David Casper’s Role, Naming him U.S. Chief Executive Officer

BMO also announces Daniela O’Leary-Gill as U.S. Chief Operating Officer

CHICAGO, Il., Aug. 1, 2018 – BMO Financial Group today announced that David Casper, Chairman and CEO, BMO Harris Bank, and Group Head, North American Commercial Banking, has taken on an expanded mandate as U.S. Chief Executive Officer. As U.S. CEO, he assumes the additional responsibility for ensuring an integrated strategy across all U.S. banking, wealth, and capital markets businesses. Furthermore, BMO has appointed Daniela O’Leary-Gill as Executive Vice President and U.S. Chief Operating Officer. Both roles are based in Chicago, and are effective immediately.

“Effective governance practices are paramount to the sound operations of any organization, and I’m very pleased to continue to build on the extremely solid foundation already in place at BMO,” said David Casper, U.S. Chief Executive Officer, BMO Financial Group. “Customers are placing increasing importance on sound governance and strong corporate responsibility principles, and Daniela and I are looking forward to working with our regulators and all stakeholders in ensuring that we sustain and indeed expand upon these strengths.”

Casper is assuming additional responsibilities previously held by Chris Begy, who is retiring from the bank. Begy joined Bank of Montreal in 1987, most recently serving as U.S. Country Head and Chief Executive Officer, BMO Financial Corp.

In her role as U.S. Chief Operating Officer, O’Leary-Gill will report to and work with the U.S. CEO to ensure effective governance and integration of strategy across BMO U.S. operations, as well as with regulators, community and government leaders.

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $744 billion as of April 30, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial 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, BMO Wealth Management and BMO Capital Markets.

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Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC.

Notice to Customers

To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. L. 107 56 signed into law October 26, 2001)) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask you to provide a copy of your driver's license or other identifying documents. For each business or entity that opens an account, we will ask for your name, address and other information that will allow us to identify the entity. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. The information you provide in this form may be used to perform a credit check and verify your identity by using internal sources and third party vendors. If the requested information is not provided within 30 calendar days, the account will be subject to closure.

Third party web sites may have privacy and security policies different from BMO. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from BMO web sites.

BMO Harris Premier Services represents a combined service approach of BMO Harris Financial Advisors and BMO Harris Bank, each a part of BMO Financial Group.

Securities, investment advisory services and insurance products are offered through BMO Harris Financial Advisors, Inc. Member FINRA / SIPC . SEC-registered investment adviser. BMO Harris Financial Advisors, Inc. and BMO Harris Bank N.A. are affiliated companies. Securities and insurance products offered are: NOT FDIC INSURED – NOT BANK GUARANTEED – NOT A DEPOSIT – MAY LOSE VALUE.

This information is not intended to be tax or legal advice. This information cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. This information is being used to support the promotion or marketing of the planning strategies discussed herein. BMO Harris Bank N.A. and its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors.