Jenkins will run the US private banking operation of the Canadian parent of BMO Harris Bank and will be responsible for overseeing the strategy, development and delivery of wealth services across the US.
He is a 12-year veteran of Toronto-based BMO Financial Group and has emerged to lead BMO’s services catering to the wealthy in the US following the departures of two former wealth-management executives.
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Both of those men had come to BMO from the US$4.1 billion deal of 2011 to acquire Milwaukee-based Marshall & Ilsley.
Prior to his appointment as executive vice president and head of BMO’s US Private Bank, Jenkins ran private banking in Illinois, Washington, Virginia, Arizona and Florida.
He had also led wealth management for Harris Bank before the M&I deal, which made BMO Harris the nation’s 21st largest bank by assets.
Further, Jim Duca, who had come to BMO Harris from M&I and had managed private banking in Wisconsin, Minnesota, Missouri and Indiana, left the bank following a restructuring, while Ken Krei, a former M&I executive who led the US private bank following the June 2011 merger, retired on 30 April 2012.
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