BMO names Caroline Dufaux as U.S. division CFO [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Ms. Dufaux is currently CFO of the bank's capital markets unit, where she provides financial governance, strategic direction and decision-making support. Ms. Dufaux fills a vacancy left by Rahul Nalgirkar, who was named BMO's new CFO as Tayfun Tuzun prepares to retire in 2026. She will take on her new role as of Jan. 1, according to an internal memo seen by The Globe. BMO declined a request for comment. CIBC, TD and BMO beat analysts' profit estimates as banks benefit from tumultuous markets Opinion: Canada's banks must be allowed to take on more risks In 2025, BMO's ROE rose to 11.3 per cent from 9.8 per cent the previous year, but still shy of its goal of 15 per cent or more in the next few years. As part of its plan to boost its profitability, BMO reorganized its U.S. business earlier this year by combining its personal, business, commercial-banking and wealth-management units. Aron Levine from Bank of America Corp. joined the bank to lead the division. The lender cl
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