CHICAGO, Aug. 17, 2017 /PRNewswire/ - BMO Wealth Management (U.S.) today announced the appointment of Jim Duff as National Head of Banking for BMO Wealth Management's Private Bank, which serves high-net-worth customers. In this role, Duff will lead the growth strategy and risk management for the national banking business.
As National Head of Banking for BMO Wealth Management's Private Bank, Duff will oversee the strategic development and delivery of customized banking solutions for high-net-worth individuals, families, and organizations, including closely-held and family-owned businesses. Duff will report to Sandra Henderson, Chief Operating Officer of BMO Wealth Management (U.S.).
"Jim's broad experience in the industry will be an asset to our team of advisors that partners with our high-net-worth customers to deliver customized financial plans that help our clients achieve their ambitions," says Darrel Hackett, President, BMO Wealth Management U.S. "We are excited to have Jim join us and look forward to his leadership."
A veteran in the financial services industry, Duff has been with BMO for over 13 years—holding a number of progressive roles prior to becoming Regional Business Banking Head. Before to joining BMO, Duff served as a management consultant for Ernst and Young. In this role, he led technology and process consulting in Insurance, Capital Markets, International and Commercial Banking. Duff worked in Commercial Banking with a variety of clients of both privately-held and publically-traded companies before joining Ernst and Young.
Duff is an active community member involved in a number of nonprofit organizations where he volunteers his time, such as the Women in Need Growing Stronger (WINGs) organization in Chicago. He currently serves as a member of the Board of Trustees for the Chicago History Museum.
Duff holds a Bachelor of Science Degree from Illinois State University with a double major in Economics and Finance. He has also earned an MBA with a focus in Finance from DePaul University.
About BMO Wealth Management
BMO Wealth Management serves mass affluent, high-net-worth and ultra-high-net-worth individuals and families with a full suite of wealth management solutions including wealth planning, banking, investment management and trust and estate services. With 35 offices across 12 states and international offices in Canada, Hong Kong, and Singapore, BMO Wealth Management provides guidance and planning advice combined with individualized service and local expertise. As of April 30, 2017 BMO Wealth Management had assets under management of US$47 billion and assets under administration of US$47 billion. BMO Wealth Management is supported by the resources and stability of one of North America's premier financial services organizations—BMO Financial Group. Visit bmowealthmanagement.com.
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