People: Bank of Montreal (BMO)

Summary

Name	Age	Since	Current Position
J. Robert Prichard	64	2012	Independent Non-Executive Chairman of the Board
William Downe	60	2007	President, Chief Executive Officer, Director
Thomas Flynn		2011	Chief Financial Officer, Executive Vice President
Ellen Costello		2012	Chief Executive Officer of BMO Financial Corp. and U.S. Country Head
Mark Furlong		2010	President and Chief Executive Officer of BMO Harris Bank N.A.
Thomas Milroy			Chief Executive Officer of BMO Capital Markets
Gilles Ouellette		2001	President and Chief Executive Officer - Private Client Group
Franklin Techar		2006	President and Chief Executive Officer - Personal and Commercial Banking Canada
Brian Tobin	57	2013	Vice Chairman - BMO Capital Markets Investment-Banking Unit
Douglas Stotz		2012	Executive Vice President, Chief Marketing Officer
Surjit Rajpal		2011	Executive Vice President, Chief Risk Officer
Simon Fish		2008	Executive Vice President, General Counsel
Richard Rudderham		2010	Executive Vice President and Head - Human Resources
Jean Ares			Group Head - Technology and Operations
Robert Astley	68	2004	Independent Director
Janice Babiak	55	2012	Independent Director
Sophie Brochu	49	2011	Independent Director
George Cope	51	2006	Independent Director
Christine Edwards	60	2010	Independent Director
Ronald Farmer	62	2003	Independent Director
Eric La Fleche	51	2012	Independent Director
Bruce Mitchell	67	1999	Independent Director
Philip Orsino	58	1999	Independent Director
Martha Piper	67	2006	Independent Director
Don Wilson	65	2008	Independent Director

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Biographies

Name	Description
J. Robert Prichard	Mr. J. Robert S. Prichard, O.C., O.Ont., is Independent Non-Executive Chairman of the Board of Bank of Montreal. He is Chairman of the Board of Bank of Montreal, having been appointed to this position effectiveMarch 20, 2012. He is the non-executive Chair of Torys LLP, a Canadian law firm. Before joining Torys LLP in September 2010, he served as President and Chief Executive Officer and a Director ofMetrolinx. Metrolinx is the regional transportation agency and operator for the Greater Toronto and Hamilton Area.Mr. Prichard also served as President and Chief Executive Officer of Torstar Corporation, Canadianmedia company from 2002 – 2009. Mr. Prichard is President Emeritus of the University of Torontowhere he served as President from 1990-2000 and previously served as dean of law and as a professor specializing in law and economics. He also serves as Chairman of Metrolinx, Penguin Canada, a Trustee of the Hospital for Sick Children and a member of Canada’s Economic Advisory Council and Ontario’s Economic Advisory Panel. He 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, aMember of the Order of Ontario and a Fellow of the Royal Society of Canada.
William Downe	Mr. William A. Downe is President, Chief Executive Officer, Director of Bank of Montreal. He is President and Chief Executive Officer of BMO Financial Group. Since joining the Bank in 1983, he has served in several capacities. Prior toMarch 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. Prior to that, Mr. Downe served four years as Deputy Chairman, BMO Financial Group and Chief Executive Officer, BMO Nesbitt Burns, a role inwhich he oversaw BMO CapitalMarkets, Private Client Group and BMO Financial Group’s U.S. operations. Mr. Downe serves on the Board of Directors of BMO Nesbitt Burns Holding Corporation and BMO Financial Corp. (both subsidiaries of the Bank). In the U.S.,Mr. Downe is the past President of the Federal Reserve Advisory Council, and is currently a member of the Rush UniversityMedical Center Board of Trustees as well as their Compensation and Human Resources Committee and Development Committee, a Director on the Board ofManpower Inc. and amember of their Executive Compensation and Human Resources Committee, and a Director of Catalyst Inc. and its Canadian Advisory Board. In Canada, he is a Director on the Board of the Canadian Council of Chief Executives (CCEE), he is the past Chair of the Board of Directors of St.Michael’s Hospital and is currently a Director on the Board of St. Michael’s Hospital Foundation and amember of the Campaign Executive, for The Campaign for the University of Toronto. Additionally,Mr. Downe is a Boardmember of The InternationalMonetary Conference (IMC) and a member of the Economic Club of Chicago.Mr. Downe holds an M.B.A. from the University of Toronto.
Thomas Flynn	Mr. Thomas E. Flynn is Chief Financial Officer, Executive Vice President of Bank of Montreal. He was appointed to this position in March 2008. From October 2007 to March 2008, he served as Acting Chief Financial Officer and served as Executive Vice-President, Finance and Treasurer since December 2004. He joined BMO Financial Group in 1992 and went on to serve in a number of roles within the BMO Capital Markets business, including serving as Head of the Financial Services Corporate and Investment Banking Group. He obtained his MBA from the Ivey School of Business at the University of Western Ontario (with Honours) and has his CA designation (Ontario Gold Medalist). He is Director and Vice Chair, Bloorview Kids Rehab.
Ellen Costello	Ms. Ellen M. Costello is Chief Executive Officer of BMO Financial Corp. and U.S. Country Head of Bank of Montreal. Ms. Costello is responsible for the U.S. Personal and Commercial business. Prior to joining Harris, Costello was with BMO Financial Group’s Investment Banking Group as Vice Chair and head of Securitization, Credit Investment Management and Merchant Banking groups. In addition, she led the New York office, working in collaboration with the Investment Banking Group’s executive team on strategy and governance for its U.S. based businesses. After joining BMO Financial Group in 1983, Ms. Costello held progressively senior positions in Corporate Banking and Treasury; including leadership positions in Derivatives and as Regional Treasurer, in Asia. In 1995, she was responsible for strategy development as Senior Vice President and Deputy Treasurer; and in 1997, was appointed Executive Vice President, Global Treasury Group, responsible for the Foreign Exchange, Financial Products, Money Markets, Loan Syndication/Trading and Managed Futures businesses. In 2000, she was named head of Securitization and Credit Investment Management; in 2003, head of BMO Capital Markets, New York; and in 2006, assumed responsibility for Merchant Banking. Ms. Costello has a BBA from St. Francis Xavier University and an MBA from Dalhousie University. She is on the boards of directors for United Way of Metropolitan Chicago, the Chicago Public Education Fund, After School Matters, Chicago Community Trust and the Board of Governors of St. Francis Xavier University.
Mark Furlong	Mr. Mark F. Furlong is President and Chief Executive Officer of BMO Harris Bank N.A., of Bank of Montreal. Prior to July, 2011, he was the Chief Executive Officer of Marshall & Ilsley Corporation.
Thomas Milroy	Mr. Thomas V. Milroy is Chief Executive Officer of BMO Capital Markets of Bank of Montreal. He is responsible for defining and implementing the strategic direction and delivering the customer solutions and final results for all Investment and Corporate Banking (I&CB) and Trading Products lines of business. Mr. Milroy has been with the Bank since 1993, when he joined the investment bank as a Managing Director with responsibility for a number of key relationships. He was appointed Head of Vancouver investment banking in 1996, and named Executive Managing Director and Head of Investment & Corporate Banking (I&CB) in 1999. In 2001, he was appointed Vice-Chair and Global Head of I&CB and in 2006, was named Co-President of BMO Capital Markets. He assumed leadership of Capital Markets in 2008. He has a BA from McGill University, a Bachelor and Masters of Law from Cambridge University and an LLB from Dalhousie University, and completed the Advanced Management Program at the Harvard Business School.
Gilles Ouellette	Mr. Gilles G. Ouellette is President and Chief Executive Officer - Private Client Group of Bank of Montreal. Mr. Ouellette leads the Bank’s North American management businesses, and is Deputy Chair, BMO Nesbitt Burns. He is responsible for defining and implementing strategic direction, delivering integrated services that address the needs of high net worth clients and the retirement markets, and for the results for all Private Bank, Full-Service Brokerage, Discount Brokerage, Mutual Funds, Insurance and Investment Management businesses in Canada and the U.S. Mr. Ouellette started out as an Investment Executive with Burns Fry Limited in 1979. He was promoted to Branch Manager in 1983, to National Director of Sales in 1988 and to Managing Director of Investor Services in 1990. In 1993, he was named Executive Vice-President, and was then appointed to the position of Executive Vice-President, Private Client Division when Burns Fry merged with Nesbitt Thomson in 1994. He was appointed Director of the Private Client Division and Vice-Chairman of Nesbitt Burns in 1997. He has an undergraduate degree and a Master of Business Administration from the University of Western Ontario.
Franklin Techar	Mr. Franklin J. Techar is President and Chief Executive Officer - Personal and Commercial Banking Canada of Bank of Montreal. Mr. Techar leads the Canadian retail bank and is responsible for defining and implementing strategies for all products and sales and service distribution channels. He is accountable for delivering financial solutions to customers and for financial results for the Personal, Commercial and Small Business (Canada) banking lines of business. Mr. Techar joined the Bank in 1984. He was appointed to his current position in July 2006 after serving as President and Chief Executive Officer of Harris Bankcorp, Inc. for five years. He began his career with the Bank in the Corporate Banking Division, and then gained several years of international experience in the U.S. and as Senior Vice-President and General Manager London, England. He earned a Bachelor of Science and Engineering degree from Princeton University in 1978, an MBA from the University of Denver in 1983, and completed the University of Southern California in 1992. While in Chicago, Techar was an active member of Chicago's business and civic community and continues to serve on the boards of the Lyric Opera of Chicago and Rush University Medical Center. In 2005, he served as the annual giving campaign chair for United Way of Metropolitan Chicago.
Brian Tobin	The Honorable Brian V. Tobin has been appointed as the Vice Chairman - BMO Capital Markets Investment-Banking Unit of Bank of Montreal with effect from April 18, 2013.
Douglas Stotz
Surjit Rajpal	Mr. Surjit Rajpal is Executive Vice President, Chief Risk Officer of Bank of Montreal. Mr. Rajpal joined BMO in 1982. Most recently he was the Executive Managing Director and Global Head of Loan Products and Merchant Banking.
Simon Fish	Mr. Simon A. Fish is Executive Vice President, General Counsel of Bank of Montreal. Prior to 2008, he was Executive Vice-President and General Counsel at Vale Inco Limited from 2006 to 2008 and Executive Vice-President and General Counsel at Shell Canada Limited from 2003 to 2006.
Richard Rudderham
Jean Ares	Mr. Jean Michel Ares is Group Head - Technology and Operations of Bank of Montreal. He was Senior Vice-President and Chief Information Officer at The Coca-Cola Company.
Robert Astley	Mr. Robert M. Astley is Independent Director of Bank of Montreal. He is the former President and Chief Executive Officer of Clarica Life Insurance Company, a life and health insurance company headquartered inWaterloo, Ontario, and former President of Sun Life Financial Canada, comprising the Canadian life and health insurance and management operations of Sun Life Financial Inc. In 1999, as President and Chief Executive Officer of Mutual Life of Canada, he led the organization and its stakeholders through demutualization, an initial public offering and a corporate name change to Clarica Life Insurance Company.With the combining of the operations of Clarica and Sun Life Financial Services of Canada Inc. in 2002, Mr. Astley was appointed President of Sun Life Financial Canada, a position he held until his retirement in September 2004. Mr. Astley is Chairman and a director of the CPP Investment Board. He graduated from the University of Manitoba with an Honours degree in Science and is a Fellow of the Canadian Institute of Actuaries.
Janice Babiak	Ms. Janice M. Babiak is Independent Director of Bank of Montreal. She is a former Managing Partner at Ernst & Young LLP, an accounting firm. From 1982 until the end of 2009, and based in the United Kingdom from 1990 onwards, she held a number of roles including global assurance and advisory P&L leadership roles in Technology Security and Risk Services and Regulatory and Public Policy; and she founded and led their global Climate Change and Sustainability Services practice. She also served on EY’smanagement board for Northern Europe,Middle East, India and Africa. In 2012 she joined the board ofWalgreenswhere she serves on the Audit as well as the Finance Committees. Her current portfolio includes sitting on the Council of the Institute of Chartered Accountants in England and Wales and their Corporate Responsibility Advisory Group. She received a B.B.A. in Accounting from the University of Oklahoma and an M.B.A from BaldwinWallace University and holds international information systems security and control, aswell as US and UK accounting, qualifications.
Sophie Brochu	Ms. Sophie Brochu is Independent Director of Bank of Montreal. Ms. Brochu holds the position of President and Chief Executive Officer of Gaz Métro, a natural gas distributor.Ms. Brochu is a graduate in Economics from Université Laval in Quebec City where she specialized in the energy field. She sits on the Board of GazMétro as well as on the Boards of Bell Canada and BCE. Ms. Brochuwas co-president of the Centraide of Greater Montreal.
George Cope	Mr. George Alexander Cope is Independent Director of Bank of Montreal. He is President and Chief Executive Officer of Bell Canada and BCE Inc., the transformation of communications company into a customer-focused competitor through a strategy of broadband network investment, service enhancement and cost efficiency. Prior to joining Bell in 2005, Mr. Cope was President and Chief Executive Officer of national wireless carrier TelusMobility from2000. Previously, he served as President and Chief Executive Officer of national wireless carrier Clearnet Communications for 13 years. Holding a Business Administration (Honours) degree from The University of Western Ontario, Mr. Cope serves on the university’s Advisory Board of the Richard Ivey School of Business.
Christine Edwards	Ms. Christine A. Edwards is Independent Director of Bank of Montreal. Ms. Edwards is a Capital Partner in the Corporate Practice Group of Winston & Strawn, a U.S. law firm. Prior to joining Winston & Strawn in 2003, she was Executive Vice-President and Chief Legal Officer at Bank One Corporation with responsibilities for the Company’s law, compliance, regulatory and government relations functions. Ms. Edwards is ranked nationally in the area of Financial Services and Securities Regulation by Chambers USA and America’s Leading Lawyers for Business; was named an Illinois Super Lawyer in 2008, 2009, 2010 and 2011 and is listed in The Legal 500. Ms. Edwards serves on the Board of Trustees, Executive and Nominating Committees, and Chairs the Audit Committee for Rush University Medical Center, academic medical center in Chicago. Ms. Edwards serves in Washington D.C. on the Oversight Board of the U.S. Chamber of Commerce Center for Capital Markets Competiveness. Ms. Edwards received a B.A. in English and Education from the University of Maryland and a J.D., with honors, from the University of Maryland School of Law.
Ronald Farmer	Mr. Ronald Harold Farmer is Independent Director of Bank of Montreal. He is Managing Director ofMosaic Capital Partners, a Toronto-basedmanagement and holding company with interests in several private companies. Prior to joiningMosaic in 2003, he spent 25 years with McKinsey & Company, serving as theManaging Partner for the Canadian practice from 1991 to 1997. Mr. Farmer is director of Integran Technologies, and Valeant Pharmaceuticals International Inc. He also serves on the Dean’s Advisory Council of the Schulich School of Business. He holds a B.A. and an M.B.A. fromThe University of WesternOntario.
Eric La Fleche	Mr. Eric Richer La Fleche is Independent Director of Bank of Montreal. Mr. La Flèche is President and Chief Executive Officer of Metro Inc., food retailer and distributor, since April 2008. He joined Metro in 1991 and has held several positions of increasing responsibility, including Executive Vice- President and Chief Operating Officer (2005). Mr. La Flèche holds an MBA from Harvard Business School and a law degree from the University of Ottawa. He is involved with several charities in Quebec including United Way of Greater Montreal.
Bruce Mitchell	Mr. Bruce H. Mitchell is Independent Director of Bank of Montreal. He is President and Chief Executive Officer of Permian Industries Limited, a Toronto-based management and holding company with interests in the North American food growing, processing and technology industries. Mr. Mitchell is Vice-Chair of the Board of Trustees and a Councillor of Queen’s University, a member of the Board of the Canadian Institute for Advanced Research and has served on the Board and executive committees of Ridley College and UNICEF Canada. He holds a B.Sc. (Hons.) from Queen’s University and an M.B.A. from Harvard University.
Philip Orsino	Mr. Philip S. Orsino, O.C., F.C.A., is Independent Director of Bank of Montreal. Mr. Orsino has a B.A. from the University of Toronto and is a Fellow of the Institute of Chartered Accountants. He is the President of Jeld-Wen Inc., a global integratedmanufacturer of building products, and past chairman of University Health Network. He was formerly President and CEO of Masonite International Corporation until October 2005, whichwas listed on the TSX and NYSE. Mr. Orsinowas appointed an Officer of the Order of Canada in 2004 andwas the recipient of the 2003.
Martha Piper	Dr. Martha C. Piper, O.C., O.B.C., Ph.D., is Independent Director of Bank of Montreal. Dr. Piper was President and Vice-Chancellor of The University of British Columbia from 1997 to June 2006. Prior to this, shewas Vice-President Research and External Affairs at The University of Alberta. She has served on the Board of the Advisory Council on Science and Technology, the British Columbia Progress Board and the National University of Singapore Council. In 2001, she served as Campaign Chair of the UnitedWay of the Lower Mainland. Dr. Piper is an Officer of the Order of Canada and a recipient of the Order of British Columbia. Shewas named Educator of the Year by the Learning Partnership in 2004 and is a member of the Trilateral Commission.
Don Wilson	Mr. Don M. Wilson III is Independent Director of Bank of Montreal. Mr. Wilson is retired from JP Morgan Chase & Co., a U.S. bank, in 2006 as Chief Risk Officerwith responsibility for credit, equity, market, and operational risk globally.Mr. Wilson was also a member of JP Morgan’s Executive Committee and Operating Committee. He graduated from Harvard University in 1970 (AB cum laude) and from the Tuck School at Dartmouth College in 1973 (M.B.A.).

Basic Compensation

Name	Fiscal Year Total
J. Robert Prichard	--
William Downe	9,600,550
Thomas Flynn	2,906,810
Ellen Costello	1,907,210
Mark Furlong	9,903,050
Thomas Milroy	7,656,500
Gilles Ouellette	4,347,080
Franklin Techar	3,704,320
Brian Tobin	--
Douglas Stotz	--
Surjit Rajpal	--
Simon Fish	--
Richard Rudderham	--
Jean Ares	--
Robert Astley	--
Janice Babiak	--
Sophie Brochu	--
George Cope	--
Christine Edwards	--
Ronald Farmer	--
Eric La Fleche	--
Bruce Mitchell	--
Philip Orsino	--
Martha Piper	--
Don Wilson	--

As Of 30 Oct 2012

Options Compensation

Name	Options	Value
J. Robert Prichard	0	0
William Downe	1,139,600	5,809,694
Thomas Flynn	100,300	0
Ellen Costello	283,400	7,027,058
Mark Furlong	0	0
Thomas Milroy	288,602	1,162,650
Gilles Ouellette	901,500	6,684,207
Franklin Techar	498,500	2,534,158
Brian Tobin	0	0
Douglas Stotz	0	0
Surjit Rajpal	0	0
Simon Fish	0	0
Richard Rudderham	0	0
Jean Ares	0	0
Robert Astley	0	0
Janice Babiak	0	0
Sophie Brochu	0	0
George Cope	0	0
Christine Edwards	0	0
Ronald Farmer	0	0
Eric La Fleche	0	0
Bruce Mitchell	0	0
Philip Orsino	0	0
Martha Piper	0	0
Don Wilson	0	0

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People: Bank of Montreal (BMO)

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Summary

Biographies

Basic Compensation

Options Compensation

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