Bank of Montreal considers Dallas-Fort Worth to be the best choice to anchor its tech force in the U.S. because of growth in the region's population and the...
The Bank of Montreal unveiled its new 50-story U.S. headquarters tower in Chicago last month. The tower will house about more than 3,000 employees. BMO has about 280 employees in Dallas-Fort Worth and plans to add to that by hiring 50 tech and operations employees this year.The Bank of Montreal is establishing a tech hub in Irving to help it gain a firmer foothold in the U.S.
BMO, which has been around for over 200 years and has about $820 billion in assets, hired consulting firm EY to scout out the best city in the U.S. to anchor its tech force. EY landed on North Texas, which beat out other top picks like Charlotte and Atlanta, Deloatch said. The full-service bank has about 280 employees in Dallas-Fort Worth split between Irving, where its transportation finance team is headquartered; Fort Worth, where it has a wealth office; and downtown Dallas, where it has a commercial sales group. About 100 of its D-FW employees are in tech and operations.
“We feel very strongly that we can keep up with the competition here in terms of compensation and benefits,” he said. “We also feel strongly about what we can offer socially and culturally.”
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