Bill Downe Explained

Bill Downe
Birth Name:William Arthur Downe
Birth Place:Montreal, Quebec, Canada
Occupation:Banker
CEO, Bank of Montreal
Term:March 2007 – October 2017
Predecessor:Tony Comper
Successor:Darryl White

William Arthur Downe (born 1952) is a Canadian banker who was chief executive officer of Bank of Montreal (also known as BMO Financial Group) from March 1, 2007, to October 31, 2017.[1] [2]

Career

Downe joined Bank of Montreal in 1983 and held a variety of senior management positions in Canada and the U.S. In 1999, he was appointed vice-chair, Bank of Montreal. From 2001 to 2006, he was deputy chair of BMO Financial Group, and CEO of BMO Capital Markets.

In February 2006, Downe was named chief operating officer and was chosen to replace Tony Comper as president and chief executive officer of BMO effective March 1, 2007, the day of BMO's annual general meeting.[3] [4] [5] [6]

In December 2016, Downe was named a Member of the Order of Canada.[7]

In April 2017, it was announced that Downe would retire as CEO effective on October 31, 2017. He was to be succeeded by current COO Darryl White, who had previously served as Group Head of BMO Capital Markets.[8]

Professional associations

Downe is the only Canadian member of the International Business Leaders Advisory Council of the Mayor of Beijing,[9] and he is a member of the International Advisory Council of Guanghua School of Management at Peking University.[10] He is a director of Catalyst, and a member of Catalyst's Canadian Board of Advisors.[11] Downe is also a member of the Economic Club of Chicago and Past President of the Federal Reserve Board's Federal Advisory Council.

Charity work

Downe served as Chairman of the 2009 Campaign Cabinet for United Way of Greater Toronto. He is a member of the Rotman School of Management Campaign Cabinet, and he sits on the board of Toronto's St. Michael's Hospital Foundation. He is also past Chair of the Board of Directors of St. Michael's Hospital.[12]

Education

Downe has a Bachelor of Arts degree from Wilfrid Laurier University. While obtaining a Master of Business Administration from the University of Toronto, he joined the Alpha Delta Phi fraternity.[13] In 2003, he received the Rotman Distinguished Business Alumni Award from the Joseph L. Rotman School of Management.[14]

References

  1. Web site: Executive Profile - William A. Downe . https://web.archive.org/web/20131129034635/http://investing.businessweek.com/research/stocks/people/person.asp?personId=224513&ticker=BMO. dead. November 29, 2013. Businessweek. 4 February 2013.
  2. Web site: The Big Five banks' CEO cycle is complete. Here's how they performed. Canadian Business.
  3. Web site: Tony Comper to Retire as President and CEO of BMO Financial Group; Board Appoints Bill Downe as His Successor. https://web.archive.org/web/20070930211026/http://www.newswire.ca/en/releases/archive/November2006/28/c9207.html. dead. September 30, 2007.
  4. Web site: 28 November 2006. BMO's Tony Comper to retire in March. dead. https://web.archive.org/web/20100117055630/http://www.cbc.ca/money/story/2006/11/28/comper.html. 17 January 2010.
  5. Web site: Storytelling experiment PenTales comes to Toronto | National Post. March 30, 2010.
  6. Web site: The Globe and Mail: BMO boss launches charity blitz. . dead. https://web.archive.org/web/20110122213129/https://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/bmo-boss-launches-charity-blitz/article1288032/. 22 January 2011.
  7. http://www.cbc.ca/news/politics/order-canada-newest-appointees-2016-150-1.3916634 "Order of Canada's newest appointees include Paralympian, Supreme Court judge and astrophysicist"
  8. Web site: Bank of Montreal CEO Bill Downe to retire in October, COO Darryl White to take the helm | Financial Post. April 7, 2017.
  9. Web site: Brearton. Steve. 15 December 2016. The Power List: Canada's Most Powerful Business People 2017. dead. https://web.archive.org/web/20171104123309/http://www.canadianbusiness.com/lists-and-rankings/most-powerful-people/power-list-2017-top-25/image/20/. 4 November 2017. 3 December 2020.
  10. Web site: Wendel. Amy. CEO profile: Bill Downe, Bank of Montreal Leadership & Strategy Business Chief North America. 2020-12-03. Business Chief. 19 May 2020 . en.
  11. News: 15 September 2017. Catalyst women's organization defends choosing a man to head advisory board, again CBC Radio. en-US. CBC. 2020-12-03.
  12. Web site: William Downe at a glance. https://web.archive.org/web/20121230234537/http://www.forbes.com/profile/william-downe/. dead. December 30, 2012. Forbes. 22 February 2013.
  13. Book: Catalogue of the Alpha Delta Phi: 1832-2002. 2002. The Executive Council of The Alpha Delta Phi Fraternity. New York, NY. 319.
  14. Web site: Speaker Profile William Downe. The Economic Club of Canada. 17 June 2013. https://web.archive.org/web/20121220050229/http://www.economicclub.ca/speakers/William_Downe. 20 December 2012. dead.

External links

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