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BMO Names Two New Board Members

George PaulNews
BMO

Editorial credit: JHVEPhoto / Shutterstock.com

BMO Financial Group has announced the election of Madhu Ranganathan and Stephen Dent to its Board of Directors.

Ranganathan is the EVP and Chief Financial Officer at OpenText, while Dent is the Managing Director and Co-Founder of Birch Hill Equity Partners.

"We are pleased to welcome Steve and Madhu to the Board of Directors," said George Cope, BMO’s Chair of the Board, stated. "Their knowledge and experience will be an excellent complement to the talented group of individuals serving on our Board."

Ranganathan brings over three decades of wide-ranging financial leadership experience including a background in Silicon Valley. Prior to joining OpenText in 2018, she spent a decade as the CFO of global customer experience software and services company [24]7.ai. Outside of the tech world, she has also spent time in various roles at major accounting and financial services firms.

Dent has over 30 years of experience in private equity. He co-founded Birch Hill in 2005 and ran the Canadian mid-market Private Equity Group within TD Capital, which he initially joined in 1989 as an Associate. These roles have helped him accrue deep expertise in capital allocation, strategic planning, accounting, and finance. He is a Member of the Business Council of Canada.

The two new additions to the Canadian bank’s board follow news that BMO has sold off its European investment arm to Columbia Threadneedle for $845 million in cash.

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