W. Edmund Clark

William Edmund "Ed" Clark (born October 10, 1947) is the former President and Chief Executive Officer of TD Bank Group (also known as Toronto-Dominion Bank). Ed was appointed to this role on December 20, 2002. Prior to this appointment, he was President and Chief Operating Officer, a role he held since July 2000.^[1] On April 3, 2013, Ed announced his intention to retire as President and CEO effective November 1, 2014 at age 67, after 12 years as CEO.^[2]

Banking career

Following TD’s acquisition of Canada Trust Financial Services in February 2000, Ed joined TD Bank Group 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. Before joining TD, Ed was President and Chief Executive Officer of Canada Trust Financial Services.

In 1985, he joined Merrill Lynch, and three years later was appointed Chairman and Chief Executive Officer of Morgan Financial Corporation, a position he held until he joined Canada Trust Financial Services Inc. in 1991. He is a member of the Steering Committee of the Bilderberg Group.^[3]

Before banking

From 1974 to 1984, Ed held a number of senior positions in the federal government. This included helping to develop the contentious National Energy Program, which has been cited as creating significantly negative impacts to both the national deficit and the Western Canadian economy.^[4]

Education

Ed graduated from the University of Toronto in 1969 with a Bachelor of Arts degree. He earned his Master’s degree and Doctorate in Economics from Harvard University in 1971 and 1974 respectively. Ed has also received honorary degrees from Mount Allison University, Queen’s University,^[5] the University of Western Ontario, and the University of Toronto.

Appointments & Community involvement

Ed was the 2010 Cabinet Chair for United Way Toronto. Currently, Ed is 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. He has been Chair of the Advisory Board for the School of Public Policy and Governance at the University of Toronto since 2011.

In 2014, Ed was elected to the Board of Trustees of US public policy organization, the Brookings Institute.^[6] And he was also appointed Chair of the Premier's Advisory Council on Government Assets by Premier Kathleen Wynne.^[7] Clark is leading a group of five senior executives in examining how to get the most out of key government assets to generate better returns and revenues for Ontarians.

Recognition

Ed was honoured numerous times in 2010 for his vision, integrity and strong leadership. He 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”.^[8] Ed also received Egale’s Leadership Award in honour of his leadership in supporting 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. Capping an incredible 2010, Ed was named Canada’s Outstanding CEO of the Year – widely viewed as the most prestigious award in Canadian business.

In 2011, Ed was named Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario. That same year he was also acknowledged by GTA Association of Fundraising Professionals (AFP) with the "2011 Outstanding Philanthropist" award. In 2012 and 2013, Ed Clark was selected by Barron’s magazine as one of the world's 30 best CEOs. Then in October 2014, the Harvard Business Review named Ed to its list of the 100 Top Performing CEOs in the World, ranking him #47.^[9]

Ed Clark and his wife Fran make their home in Toronto. They have four grown children and nine grandchildren.

Speeches

Ed Clark has been asked to speak at a number of prominent international events on a wide range of topics, including the Canadian economy, the banking industry, leadership values, and the importance of creating a diverse and inclusive culture in the workplace. The following is a selection of his remarks:

"Final Major Address as TD's CEO" ^[10] Remarks delivered at the Empire Club of Canada, Toronto, September 16, 2014

"Somewhere over the rainbow: a CEO's perspective on building an inclusive company" ^[11] Remarks delivered at the Economic Club of Canada coinciding with the WorldPride Human Rights Conference, Toronto, ON. June 25, 2014.

"Building a Better Banking System for America" ^[12] Remarks delivered at the Chief Executives' Club of Boston, Boston College, Boston. April 26, 2012

"Preserving The Things That Matter In A World Of Constrained Resources" ^[13] Remarks at the Ivey Business Leader Award Dinner, Toronto, ON. October 19, 2011

"The Shift in Leadership" ^[14] Remarks at Canada's Outstanding CEO Award Dinner, Toronto, ON. February 17, 2011

References

http://www.td.com/about-tdbfg/corporate-information/executive-profiles/clark.jsp http://en.wikipedia.org/wiki/National_Energy_Program

External links

• TD Financial Group's official website
• Forbes Profile on Ed Clark
• Habitat for Humanity Toronto's Chair's Advisory Council