BMO Wealth Management has appointed Shannon Kennedy as Global Head of BMO Family Office, the newly rebranded ultra-high net worth division.
Under Kennedy’s leadership, BMO Family Office will continue to offer the tailored approach that has proven successful in advising ultra-affluent families across North America.
“Shannon has a reputation as one of the top wealth managers nationwide and we’re delighted to have a leader with such a strong and diverse skillset on board as we introduce and grow our evolved suite of services for ultra-affluent families,” says Darrel Hackett, President of BMO Wealth Management US. “Our decision to rebrand to BMO Family Office reflects BMO’s commitment to meeting the increasingly complex needs of ultra-high net worth families who expect more than excellent investment advice.”
Kennedy will lead the global buildout of BMO Family Office with a team of more than 200 professionals. She joins BMO with 30 years of wealth management experience, most recently with BNY Mellon Wealth Management where she served as President, US Markets-Southwest. Prior to that, she was Director of Global Family and Private Investment Offices at Northern Trust in Chicago, where she began her career.
“It’s exciting to lead BMO Family Office at a time when the demand for sophisticated and modern guidance is greater than ever,” says Kennedy. “I’m looking forward to working with a team whose philosophical and strategic approach aligns so closely with my own. The decades of experience and extensive knowledge in shaping and executing complex client situations along with bespoke thinking are the keys to providing the highest level of service.”
Kennedy, a Chicago native who holds an MBA from Loyola University of Chicago, has been recognised by industry trade publications and organisations for her wealth management acumen including Private Asset Management, Modern Luxury, and Crain’s Chicago Magazine. She currently serves as a member of the University of California-Irvine’s CEO Executive Roundtable and CEO Women’s Roundtable and the BMO Harris Delaware Trust Board of Directors.
BMO Family Office has the deep expertise affluent families require to ensure both a life well-lived and an enduring family legacy, with offerings spanning from investing to tax and philanthropic planning. It provides the following services to help clients meet the challenges – and leverage the opportunities – that come with significant wealth.
