The Bank of Montreal's CFO Tayfun Tuzun is retiring as of early 2026.

The Bank of Montreal’s BMO-T chief financial officer is retiring after five years with the lender, adding to BMO’s leadership changes this year that include a new senior executive in its U.S. operation and new leadership for its Canadian personal and commercial banking units.

Tayfun Tuzun, BMO’s CFO since 2020, is retiring as of early 2026. Rahul Nalgirkar, who joined BMO three years ago as CFO of the bank’s U.S. arm as well as its commercial banking businesses in Canada and the U.S., will take over as CFO of the entire bank.

Mr. Tuzun’s departure follows executive changes announced in June that added Aron Levine, a former Bank of America executive, as the head of BMO’s personal and business banking, commercial bank

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