Ed Clark Named Ivey Business Leader of the Year

Group President and CEO of TD Bank Group (TD) to Receive Award at Toronto Gala

TORONTO, Jan. 13 /CNW/ - Ed Clark, Group President and Chief Executive Officer, TD Bank Group, will address Canada's prominent business leaders and receive the 2011 Ivey Business Leader Award at a gala dinner on October 19, 2011.

Following TD's acquisition of Canada Trust Financial Services in February of 2000, where Mr. Clark had been President and Chief Executive Officer, he joined TD as Chairman and Chief Executive Officer of TD Canada Trust. In this role, he oversaw the successful integration of the TD and Canada Trust banking operations.

Mr. Clark was appointed President and Chief Executive Officer of TD in 2002. Since then the bank's market cap has more than tripled in size and TD's stock price is two and a half times higher.

Mr. Clark continues to serve in additional capacities as Chairman of the Board of TD Bank US Holding Company and its subsidiary banks, and also serves as Vice-Chairman of the Board of TD Ameritrade Holding Corporation.

Mr. Clark's rich history of success in the banking and financial services industry began in 1985, when he joined Merrill Lynch. Three years later he was appointed Chairman and Chief Executive Officer of Morgan Financial Corporation, a position he held until he joined Canada Trust in 1991. From 1974 to 1984, Mr. Clark held a number of senior positions in the federal government.

"Ed Clark's track record of overseeing large financial institutions across Canada is equalled by his philanthropic spirit and commitment to giving back," said Carol Stephenson, Dean, Richard Ivey School of Business. "Ed is an exemplary role model for Ivey students. Through his professional success and charitable support, he embodies the Ivey mission statement of thinking globally, acting strategically and contributing to the society in which you live."

Created in 1991 by the Ivey Alumni Association/Toronto Chapter, the Ivey Business Leader Award honours individuals and organizations who have made a significant contribution to the advancement of business in Canada, and reflect the ideals of the Richard Ivey School of Business.

"It is a privilege to honour Ed Clark for his accomplishments," said Paul Atkinson, Managing Director of Southwest Sun Inc., a diversified investment company, and Co-chair of the Ivey Business Leader Award Committee. "Under his leadership, TD has become the leader in consumer banking and community involvement."

Mr. Clark's philanthropic outreach supports several important causes. He is the 2010 Chair of the United Way for the Greater Toronto Area, a member of the Board of Directors of the C.D. Howe Institute, a member of the Chair's Advisory Council for Habitat for Humanity Toronto, and provides support to Woodgreen Community Services, an organization that delivers programs to build sustainable communities in the Toronto area.

In 2010 Mr. Clark was appointed to the Order of Canada - one of the country's highest distinctions - for his "contributions to Canada's banking and financial industry, and for his voluntary and philanthropic endeavours." In 2010, Ed also received Egale's Leadership Award in honor of his support of LGBT (Lesbian Gay Bisexual Transgender) communities, and the inaugural Catalyst Canada Honour, awarded to individuals who have made a critical and visible difference to women's advancement.

Mr. Clark joins an esteemed list of past Ivey Business Leader Award recipients demonstrating leadership in both business and their communities. Past recipients of the award include:

  • 2010 - Peter Munk, Founder and Chairman of Barrick Gold Corporation
  • 2009 - Richard J. Currie, Past Chairman, BCE Inc. and former President, Loblaw Companies Limited and George Weston Limited
  • 2008 - Dominic D'Alessandro, President & CEO, Manulife Financial
  • 2007 - Claude Lamoureux, President & CEO and Robert Bertram, Executive Vice-President, Investments, Ontario Teachers' Pension Plan
  • 2006 - Isadore Sharp, Chairman and CEO, Four Seasons Hotels Inc.
  • 2005 - Peter Godsoe, former Chairman and CEO, The Bank of Nova Scotia
  • 2002 - Gwyn Morgan, President and CEO, EnCana Corporation
  • 2001 - Harrison McCain, Chairman, McCain Foods Limited, and G. Wallace McCain, Chairman, Maple Leaf Foods Inc.
  • 2000 - Purdy Crawford, Chairman, AT&T Canada; former Chairman Imasco and Canada Trust
  • 1999 - Fairfax Financial Holdings Limited, led by Prem Watsa, Chairman
  • 1998 - Paul Desmarais, Chairman of the Executive Committee, Power Corporation of Canada
  • 1997 - Frank Stronach, Chairman of the Board, Magna International Inc.
  • 1996 - Jean C. Monty, President and CEO, Northern Telecom Limited
  • 1995 - R. Jack Lawrence, Deputy Chairman, Nesbitt Burns Inc.
  • 1994 - Robert Nourse, President and CEO, The Bombay Company Inc.
  • 1993 - Cedric E. Ritchie, Chairman, The Bank of Nova Scotia
  • 1992 - John C. Carroll, President and CEO, Molson Breweries
  • 1991 - John M. Thompson, Chairman and CEO, IBM Canada Limited

The Ivey Business Leader Award, Co-chaired by Paul Atkinson and Karen Peesker, Principal, KAM Sales & Management Consulting, will be presented at a black-tie dinner at Toronto's Four Seasons Hotel. Proceeds from the event support the Ivey Alumni Association Toronto Chapter HBA and MBA Scholarships established to attract top students to the School and the Toronto Alumni Faculty Fellowship in Business Leadership.

About the Richard Ivey School of Business, The University of Western Ontario
The Richard Ivey School of Business (www.ivey.ca) at The University of Western Ontario is Canada's leading provider of relevant, innovative and comprehensive business education. Drawing on extensive research and business experience, Ivey faculty provide the best classroom experience, equipping graduates with the skills and capabilities they need to tackle the leadership challenges in today's complex business world. Ivey offers world-renowned undergraduate and graduate degree programs as well as Executive Development at campuses in London (Ontario), Toronto and Hong Kong.

SOURCE Richard Ivey School of Business

For further information:

Mary Weil, Manager, Media & Public Relations, Richard Ivey School of Business, 416-203-0664,
mweil@ivey.ca

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