Bank of Montreal 2008 Annual Report Download - page 13

BMO Financial Group 191st Annual Report 2008 | 9
MANAGEMENT COMMITTEE
RESPONSIBLE FOR SETTING AND MANAGING
ENTERPRISE STRATEGY AND PERFORMANCE
• Review enterprise and group strategies
• Approve mergers and acquisitions
• Approve financial targets and plans and
review results
• Approve culture and diversity goals
• Monitor strategic initiatives and track performance
• Govern investment in initiatives across
the enterprise
Meets biweekly
Management
Committee
15 members
RESPONSIBLE FOR DRIVING ENTERPRISE RESULTS
AND DELIVERING ON CORPORATE PRIORITIES
• Drive enterprise results
• Perform peer review of performance against
established targets
• Problem-solve and take action on initiatives
relating to BMO’s strategic priorities
Meets quarterly
Performance Committee
54 members
• 15 Management Committee members
• 39 heads of lines of business and functional groups
RESPONSIBLE FOR UNDERSTANDING ENTERPRISE
AND GROUP STRATEGIES AND ALIGNING ALL BMO
EMPLOYEES AROUND THEM
• Engage employees and align them around key
strategies/plans
•
Problem-solve on major enterprise and business issues
• Communicate key messages and model behaviours
to BMO community at large
• Build problem-solving and peer-to-peer review
capabilities
Meets annually
Leadership Council
Approximately 300 members
• All BMO executives
Management Committee*
i
P 153
1William A. Downe, President and Chief Executive
Officer, BMO Financial Group, is responsible for
providing leadership and vision for BMO Financial
Group, and is accountable to shareholders through
the Board of Directors for defining, communicating
and implementing strategic and operational goals
that will maximize shareholder value. The President
and CEO has responsi bility for our enterprise-wide
performance and financial results, including Profit &
Loss, Balance Sheet and Shareholder Value metrics.
Joined BMO in 1983; in role since March 2007.
OPERATING GROUPS
Personal and Commercial Banking Canada
2 Frank Techar, President and Chief Executive Officer,
Personal and Commercial Banking Canada, oversees
the strategic direction for delivery of our banking
services through BMO Bank of Montreal to more than
seven million customers across Canada. Joined BMO
in 1984; in role since July 2006.
3 Sandra Hanington, Executive Vice-President,
Customer Strategies and Marketing, Personal and
Commercial Banking Canada, is accountable for
the development and implementation of customer
strategies to achieve a differentiated position
for BMO Bank of Montreal in the Canadian market.
Joined BMO in 1999; in role since August 2006.
4 Maurice Hudon, Senior Executive Vice-President,
Personal and Commercial Banking Canada, is
accountable for long-term development initiatives
and the cards and retail payments, insurance
and broker services lines of business. Joined BMO
in 1978; in role since August 2006.
Personal and Commercial Banking U.S.
5 Ellen Costello, President and Chief Executive Officer,
Harris Financial Corp., is responsible for the strategic
direction of our U.S. personal and commercial banking
business, driving
profitable business growth both
organically and through acquisition. Joined BMO in
1983; in role since August 2006.
Private Client Group
6 Gilles Ouellette, President and Chief Executive
Officer, Private Client Group, is responsible for BMO
Financial Group’s North American wealth manage-
ment businesses. He is also deputy chair, BMO Nesbitt
Burns. Joined BMO in 1979; in role since May 1999.
7 Dean Manjuris, Head of Full Service Brokerage Line
of Business and President and Director, Private Client
Division, BMO Nesbitt Burns, is responsible for the
strategic direction of the Private Client Division within
our wealth management business. Joined BMO in
1983; in role since November 1999.
8 Graham Parsons, Executive Vice-President, Global
Private Banking and End-to-End Strategic Initiatives,
BMO Financial Group, is responsible for the strategic
direction of BMO Financial Group’s trust and estate,
customized banking, investment management, family
office and philanthropic advisory services, which are
delivered through 50 offices in North America. Joined
BMO in 1992; in role since May 2002.
BMO Capital Markets**
9 Tom Milroy, Chief Executive Officer, BMO Capital
Markets, is responsible for all of BMO Financial Group’s
businesses serving corporate, institutional and govern
-
ment clients in North America and around the world.
Joined BMO in 1993; in role since March 2008.
10 Eric Tripp, President, BMO Capital Markets, is
responsible for BMO Financial Group’s dealings with
corporate, institutional and government clients,
which encompass investment and corporate banking
as well as trading products and treasury operations.
Joined BMO in 1983; in role since March 2008.
CORPORATE FUNCTIONS
Finance***
11 Russel Robertson, Interim Chief Financial Officer,
BMO Financial Group, is responsible for BMO Financial
Group’s financial strategy, financial reporting and
planning, treasury, investor relations and enterprise-
wide group strategy development and management.
Joined BMO in 2008; in role since March 2008.
Legal, Corporate and Compliance
12 Simon Fish, Executive Vice-President and General
Counsel, BMO Financial Group, is the Bank’s chief
legal
officer responsible for providing advice to the
Board of
Directors and management on a variety of
matters including banking, mergers and acquisitions,
compliance and securities laws. Joined BMO in 2008;
in role since May 2008.
Enterprise Risk and Portfolio Management
13 Tom Flynn, Executive Vice-President and Chief
Risk Officer, BMO Financial Group, is responsible for
enterprise-wide risk and portfolio management at
BMO Financial Group. Joined BMO in 1992; in role
since March 2008.
Human Resources and Corporate Communications
14 Rose Patten, Senior Executive Vice-President, Head
of Human Resources and Senior Leadership Advisor,
BMO Financial Group, is responsible for BMO Financial
Group’s strategies and functions in Human Resources,
Corporate Communications and Change Management
across the enterprise. As Senior Leadership Advisor,
she provides advice and counsel to BMO’s most senior
leaders and directs all leadership development and
succession planning. Joined BMO in 1995; in role since
July 2006.
Technology and Operations
15 Barry Gilmour, Group Head, Technology and
Operations, BMO Financial Group, is responsible for
managing, maintaining and providing governance
related to information technology, operations services,
real estate and sourcing for BMO Financial Group.
Joined BMO in 1978; in role since November 2006.
***As of October 31, 2008. See photo on page 8.
*** Yvan Bourdeau, Vice-Chair, BMO Capital Markets, retired as of October 31, 2008.
*** Karen Maidment, Chief Financial and Administrative Officer, is currently on leave.