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BMO Hires Citi’s Agrawal as Risk Chief as Cronin Steps Down

  • Agrawal is Citibank NA’s CRO, bank’s global climate risk head
  • Move marks another major outside hire for CEO Darryl White
Interest Rates May Drag On Canadian Banks As RBC Cuts Targets
Photographer: Christinne Muschi/Bloomberg
Updated on

Bank of Montreal hired Piyush Agrawal from Citigroup Inc. as chief risk officer to replace Patrick Cronin, who’s stepping down later this year.

Agrawal, 45, will join the Toronto-based bank as deputy chief risk officer on July 1 and assume the CRO role on Nov. 1, Bank of Montreal said in a statement Wednesday. Agrawal has been CRO for Citibank NA and global head of climate risk since 2021.