BMO names Well Fargo veteran as its new Chief Digital Officer

The Bank of Montreal, operating as BMO Financial Group, has named Brett Pitts as its first Chief Digital Officer with the position having been newly created.

BMO currently stands as one of the largest financial groups within Canada, holding over $700bn in assets, providing financial services to approximately 12mn customers, with over 45,000 employees across its network.

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Pitts has worked for Wells Fargo for 17 years, having held a number of senior digital positions within the US firm during this time, including his most recent employment as its Executive Vice President and Group Head of Digital.

"Brett is known for his deep industry expertise and for delivering innovative digital banking solutions," said Cameron Fowler, President, North American Personal and Business Banking, BMO Financial Group. "I am excited to have Brett join BMO and look forward to partnering with him to redefine our banking experiences and leverage the transformative power of digital across the bank."

In his new role, effective 30 November, Pitts will be required to lead the bank’s digital portfolio and oversee its North American digital operations, continuing to build upon the inroads that BMO has made by accelerating its digital agenda.