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The Bank of Montreal building in the Financial District of Toronto. The banks has hired Trevor van Arragon, a career Toronto-Dominion Bank executive, to fill a new role as head of Canadian business banking.Spencer Colby/The Canadian Press
Bank of Montreal BMO-T has hired Trevor van Arragon, a career Toronto-Dominion Bank executive, to fill a new role as head of Canadian business banking.
Mr. Arragon starts June 8 and will report directly to group head of Canadian personal and business banking Mathew Mehrotra, according to a company memo reviewed by The Globe and Mail.
In the newly created role, Mr. Arragon will lead the business banking team at BMO’s Canadian headquarters, focusing on products, processes and digital technologies, among other responsibilities.
Mr. Arragon has been TD’s head of merchant solutions since late 2021 and spent nearly 19 years at the bank, including stints in its business banking and small business divisions.
BMO also promoted Justin Scully to head of Canadian business banking distribution, starting June 8. He will lead a national team devoted to bringing on new business customers and expanding the reach of BMO’s products and services.
Mr. Scully has worked at BMO for 18 years and led BMO BrokerEdge, while overseeing the Greater Ontario and Atlantic region in personal banking. He will report to Mike Bonner, who leads distribution for Canadian personal and business banking at BMO.
“This structure will help us move with greater speed,“ Mr. Mehrotra told staff in the memo, and to ”operate more efficiently.”
