Bmo Hires Trevor Van Arragon For New Canadian Banking Role

Bmo hires Trevor van Arragon to a newly created role as head of Canadian business banking, with the move taking effect June 8. He will lead the team at BMO's Canadian headquarters and report directly to Mathew Mehrotra.

June 8 at BMO

June 8 is the start date for van Arragon, who will focus on products, processes and digital technologies in the new post. He arrives after nearly 19 years at Toronto-Dominion Bank, where he had been head of merchant solutions since late 2021 and also worked in business banking and small business divisions.

18 years is the length of Justin Scully's BMO career, and he is part of the same restructuring. BMO promoted him to head of Canadian business banking distribution, giving him responsibility for a national team devoted to bringing on new business customers and expanding the reach of the bank's products and services.

Mathew Mehrotra's new structure

Mathew Mehrotra, BMO's group head of Canadian personal and business banking, said, "This structure will help us move with greater speed," and that it would help the bank "operate more efficiently." Van Arragon's new role and Scully's promotion split leadership between product development and distribution, a setup that ties the operational side of business banking more tightly to the teams selling it.

June 8 also marks Scully's start date, and he will report to Mike Bonner, who leads distribution for Canadian personal and business banking. For business customers, the practical change is that BMO is now organizing its Canadian business banking push around a dedicated leader for products and another for distribution, with both reporting lines in place from the same day.