BMO Financial Corp.'s wealth management arm has named a new Arizona leader for its U.S. Sunbelt Central regional hub as the financial services company closes in on consummating its acquisition of Bank of the West.
BMO Financial follows a similar strategy as other large regional and even smaller community banks, looking to offer commercial banking services to middle-market business customers and at the same time provide wealth management or private banking services to the executives of those companies. Separately, BMO Wealth Management focuses on high- and ultra-high net worth individuals as clients, who have investible assets of $3 million or more.
“We’ve experienced significant growth in recent years, and we expect it to continue into 2023 and beyond,” said Matt Miller, regional president for the Sunbelt Central Region of BMO Wealth Management, in a statement. “Mike’s experience and proven leadership will help reinforce our commitment to our clients and the community to help them continually make progress on their financial goals.
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