Board of Directors
The members of the board of directors of BMO Financial Corp., our U.S. holding company, are listed below.
Frank M. Clark, Chair
Frank Clark is Chair of the Board of BMO Financial Corp. and is also a director for BMO Harris Bank N.A. As of February 2012, Mr. Clark retired as Chair and Chief Executive Officer of Commonwealth Edison. Prior thereto, he served as President of Commonwealth Edison and Executive Vice President and Chief of Staff of Exelon Corporation. Mr. Clark received his B.A. and J.D. from DePaul University. He received an honorary Doctor of Humane Letters degree from Governors State University, and an honorary Doctorate of Law from DePaul University.
Christopher B. Begy
Chris Begy is Chief Executive Officer BMO Financial Corp. and U.S. Country Head. Since joining Bank of Montreal in 1987, he held a number of executive positions, most recently Chief Auditor. He was appointed CEO in August 2013. Mr. Begy holds an Honours Bachelor of Arts degree from the University of Toronto and is a Chartered Accountant.
Adela Cepeda is founder and President of A.C. Advisory, Inc., a nationally ranked financial advisory firm that provides advice to governments and corporations. Ms. Cepeda previously was Vice President of Corporate Finance at Smith Barney and Harris Upham & Co. Inc. Ms. Cepeda graduated cum laude with an B.A. in Economics from Harvard College and earned an M.B.A. from the University of Chicago School of Business.
John W. Daniels, Jr.
John Daniels is Chairman Emeritus and a Partner at Quarles & Brady, L.L.P. He served as Chairman from 2007-2013. Mr. Daniels was formerly the national president of the American College of Real Estate Lawyers and a director of Marshall & Ilsley Corporation. Mr. Daniels has a B.A. from North Central College, M.S. from University of Wisconsin and earned his J.D. from Harvard Law School.
William A. Downe
Bill Downe is Chief Executive Officer of BMO Financial Group. Since joining the Bank of Montreal in 1983, he has served in several capacities. Prior to March 1, 2007, he was Chief Operating Officer, with responsibility for all of BMO’s operating units including P&C Canada & U.S., BMO Capital Markets, Private Client Group, Technology and Operations and Corporate Marketing. Mr. Downe holds an M.B.A. from the University of Toronto.
Mark Furlong is President and Chief Executive Officer of BMO Harris Bank N.A. and also serves on its board. Mr. Furlong was formerly Chair of the Board, President and Chief Executive Officer of Marshall & Ilsley Corporation from 2004 – 2011and served as Senior Vice President and Chief Financial Officer from 2001 to June 2004. Mr. Furlong earned a B.S. degree in accounting from Southern Illinois University.
David A. Galloway
David Galloway is the former Chair of the Board of Bank of Montreal. Mr. Galloway was President and Chief Executive Officer of Torstar Corporation from 1988 to 2002. He is a director at Scripps Network Interactive, Inc. and Toromont Industries Ltd. Mr. Galloway has a B.A. (Hons.) in Political Science and Economics from the University of Toronto and an M.B.A. from Harvard Business School.
Bonnie L. Howard
Bonnie Howard was formerly Chief Auditor and Global Head, Control and Emerging Risk (2010 – 2011) and Chief Auditor (2004 - 2011) at Citigroup, Inc. Prior thereto, she was Managing Director, Global Markets Internal Audit at FleetBoston Financial Corporation (2000-2003) and she was Deputy Auditor and Global Head, Markets Operational Risk Management at JPMorgan (1988-2000). Ms. Howard is currently a member of the Board of Directors for Assured Guaranty Ltd. She received a B.A. in Business Administration, cum laude, from the University of Missouri.
David Lubar is President and Chief Executive Officer of Lubar & Co. Incorporated, a private equity investment firm. Mr. Lubar was formerly a director at Marshall & Ilsley Corporation and spent five years in commercial banking at Norwest Bank (n/k/a Wells Fargo). Mr. Lubar received a B.A. from Bowdoin College and a M.B.A. degree from the University of Minnesota.
J. Robert S. Prichard
Robert Prichard is Chair of the Board of Bank of Montreal, having been appointed to this position effective March 20, 2012. He is the non-executive Chair of Torys LLP, a Canadian law firm and a director of Onex Corporation and George Weston Limited. He is also President Emeritus of the University of Toronto. Mr. Prichard studied honours economics at Swarthmore College, received his M.B.A. from the University of Chicago and earned law degrees at the University of Toronto and Yale University. He is an Officer of the Order of Canada, a Member of the Order of Ontario and a Fellow of the Royal Society of Canada.
John Rau is President and Chief Executive Officer of Miami Corporation, a private diversified holding company founded in 1917. He previously served as President and Chief Executive Officer of LaSalle National Bank (Chicago), Chief Executive Officer of Chicago Title Corporation and Dean of the School of Business at Indiana University. Mr. Rau earned his bachelor’s degree at Boston College in 1970 and his M.B.A. at Harvard University in 1972 where he was the Goldman Sachs Finance Fellow.
John S. Shiely
John Shiely was formerly Chair of the Board (2003–2010) and Chief Executive Officer (2001-2009) at Briggs & Stratton Corporation. Prior thereto, he was President (1994-2008) and Chief Operating Officer (1994-2001), Executive Vice President-Administration (1991- 1994). Mr. Shiely is also a director of BMO Harris Bank N.A. Mr. Shiely received a B.B.A.(Accounting) from the University of Notre Dame, a Master of Management from Kellogg Graduate School of Management, Northwestern University and earned his J.D. from Marquette University Law School.
Frank Techar is Chief Operating Officer (COO) of BMO Financial Group. He has overall accountability for BMO’s Personal & Commercial and Wealth businesses as well as the bank’s retail distribution channels. Since joining the bank in 1984, he has held a variety of senior management positions in Canada, the U.S. and the United Kingdom. Prior to November 1, 2013, he was President and CEO of the P&C Canada business. From 2002 to 2006, he was the President and CEO of the U.S. P&C business, now BMO Harris Bank. Mr. Techar holds a Bachelor of Science and Engineering degree from Princeton University and an MBA from the University of Denver.
Michael J. Van Handel
Michael Van Handel is Executive Vice President and Chief Financial Officer, Manpower Group Inc. with overall responsibility for worldwide finance and accounting. Mr. Van Handel joined Manpower in 1989 as Director of Internal Audit, and in 1993 was named Vice President of International Accounting. Mr. Van Handel graduated magna cum laude with a B.S. (Accounting) from Marquette University and earned his M.B.A. from the University of Wisconsin.