BMO Financial Group announced that Jon Biorkman has been named the new U.S. Managing Director and Head, BMO Equipment Finance. Biorkman, who is based in Milwaukee, WI, and serves on the Board of Directors for the Equipment Leasing and Finance Association (ELFA), brings deep financial services experience to the role, working in increasingly senior roles spanning corporate lending, commercial equipment finance and vendor finance.

Biorkman replaces Jud Snyder who recently moved to a leadership role on BMO’s U.S. Wealth Management team.

“Jon is a highly regarded leader in the equipment finance industry, and under his leadership the BMO Equipment Finance Company will continue to deliver value for our clients and strategic growth for our business,” said Dan Clark, BMO’s U.S. Head, Vehicle and Equipment Finance.

BMO Equipment Finance is one of the largest equipment finance businesses in the industry. It provides lease and loan financing for a wide variety of capital equipment types, including rail, marine, corporate aviation, manufacturing, agribusiness, food processing and construction assets.

Serving customers for 200 years and counting, BMO Financial Group is a highly diversified financial services provider - the eighth largest bank, by assets, in North America. It has total assets of $1.02 trillion as of Jan. 31, 2022.