BMO's Carolyn Booth Recognized as a Top Influencer in the Banking Sector

Carolyn Booth's Remarkable Achievement

BMO Financial Group proudly announces that Carolyn Booth, the Head of U.S. Personal and Business Banking, has earned a prestigious spot on American Banker Magazine's list of the "Most Powerful Women in Banking". This recognition is a testament not only to Booth's outstanding leadership but also to her team’s adaptability and commitment to achieving substantial results within the financial services sector.

Since taking on her role, Carolyn has spearheaded significant changes that have propelled BMO's growth, particularly on the West Coast and throughout the United States. Darrel Hackett, CEO of BMO U.S., praised her contributions, stating that her leadership is integral to the bank's success and showcases BMO's dedication to facilitating real financial progress for clientele and communities.

Aron Levine, President of BMO U.S., further emphasized the magnitude of this honor, noting Booth's key role in shaping the U.S. growth narrative for BMO. Her focus on enhancing client experiences while nurturing talent within her team demonstrates her commitment to excellence. Under her guidance, both customer loyalty and operational performance have seen remarkable improvement.

The significant influence that Carolyn Booth has had on BMO is particularly evident following the bank's acquisition of Bank of the West, an event that effectively doubled the scale of BMO's U.S. Personal and Business Banking division. In light of this acquisition, Booth has prioritized maintaining high levels of employee engagement while being receptive to innovation that enriches both digital offerings and personal interactions, thereby deepening client relationships.

2023 also marks the seventh consecutive year that a leader from BMO has made it on this influential list, proving the bank's consistent commitment to empowering women in finance. BMO has a strong legacy of encouraging diversity and fostering an inclusive culture, which is reflected in its workforce and leadership.

The recognition of Carolyn Booth is not just an individual achievement but symbolizes the broader mission of BMO Financial Group, which is celebrated for its vast range of banking and financial services that cater to over 13 million customers across North America. The bank's principle of "Boldly Grow the Good" underpins its objective to drive positive change in both business and society, aligning perfectly with Booth’s ethos.

As the financial environment continues to evolve, BMO and leaders like Carolyn Booth are pivotal in adapting strategies that meet current market demands while setting the stage for future growth. In an industry that often faces challenges, her exemplary leadership serves as a model for aspiring professionals and reinforces the importance of strong, dedicated leadership in banking.

In conclusion, Carolyn Booth’s recognition as one of the most powerful women in banking underscores the significant strides being made at BMO as it works towards better serving its clients and enhancing the financial landscape in which it operates. Her leadership not only inspires her team but also contributes positively to the communities served by BMO.

With continued commitment to innovation and service excellence, BMO and Carolyn Booth stand poised to lead the way forward in the banking landscape.