BMO Announces Retirement of Patrick Cronin and Appoints Piyush Agrawal as Chief Risk Officer
Leonard T. Koonce
2 min read
Mr. Agrawal, a seasoned executive with global risk experience, joins BMO from Citigroup, where he served as Chief Risk Officer for Citibank, NA and Global Head of Climate Risk since 2021. He joined Citigroup in 2002, holding positions such as Chief Operating Officer of Citibank NA, Chief Risk Officer of Asia Pacificand head of corporate strategy.
“I am delighted to welcome Piyush to BMO, and we are delighted to have him join our core risk management group,” said Daryl White, CEO, BMO Financial Group. “I was particularly impressed with his business acumen, client focus, regulatory experience, as well as his deep risk management capabilities and expertise on ESG and climate topics. “Continuous learning, as well as the development of high-performing teams, precedes him. These behaviors are essential to a strong risk function and are at the heart of BMO’s culture.”
Mr. Cronin first joined BMO in 1993, serving in key leadership positions within BMO Capital Markets, including Head of Trading Products, Chief Operating Officer and Chief management and group head, before being appointed chief risk officer of BMO Financial Group in 2018. Mr. Cronin was also a member of the advisory board of from Western University Ivey School of Business, as well as the board of directors of the Loran Scholars Foundation. He is the past Area Chair of the United Way Toronto & York Region Individual Giving Cabinet, as well as BMO’s own Employee Giving Campaign.
“Throughout his career, Pat has had a significant impact on our bank,” Mr. White continued. “He has expertly led our COVID-19 response and Risk function through the pandemic and the complex credit and market environment that has defined the past 24 months. He is a trusted advisor and one of strongest bankers I have worked with. He has also demonstrated a genuine commitment to the communities we serve, helping to grow good for so many. I consider it a privilege to have served our stakeholders alongside him for decades.
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 $1.04 trillion as of April 30, 2022 and a diverse and highly engaged team of employees, BMO offers a wide range of personal and commercial banking, wealth management and investment banking products and services. investment to more than 12 million customers and leads through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
The Internet: www.bmo.com | Twitter: @BMOMedia
For media inquiries: Paul Gammal, Toronto[email protected], (416) 867-3996
SOURCE BMO Financial Group
