Waterstone Financial (WSBF) in Wauwatosa, Wis., has hired a new chief financial officer.

Allan Hosack joined the $1.9 billion-asset Waterstone after a decade at BMO Financial Group (BMO) and predecessor, Marshall & Ilsley. He most recently served as chief financial officer of BMO's wealth management and global asset management division.

Hosack "brings to Waterstone a vast amount of knowledge in strategic financial analysis and risk management," Doug Gordon, Waterstone's president and chief executive, said in a Friday press release. "He will be an integral part of managing Waterstone's future growth and security."

Hosack succeeds Richard Larson, who stepped down earlier this month after 27 years at Waterstone.

Waterstone completed a $250 million capital raise in January.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.