W. Edmund Clark
Encyclopedia
William Edmund "Ed" Clark (born October 10, 1947) is the President
and Chief Executive Officer
of TD Bank
Financial Group (also known as Toronto-Dominion Bank
), roles he held since December 20, 2002.
Married with four grown children, Clark and his wife, Frances currently make their home in Toronto. Clark earned $11.1 million in 2009.
since July 6, 2000.
Clark joined TD Bank Financial Group as Chairman and CEO of TD Canada Trust following TD’s acquisition of Canada Trust
Financial Services on February 1, 2000. In this role he oversaw the successful integration of the TD and Canada Trust retail and electronic banking operations.
Clark was President and CEO of Canada Trust Financial Services Inc. previously since January 1994. Mr. Clark’s initial position at Canada Trust was Vice Chairman and Chief Operating Officer.
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.
including Senior Assistant Deputy Minister, Energy, Mines and Resources Canada. During his time in government Clark helped develop the National Energy Program
, a policy that was very unpopular in Western Canada and earned Clark the moniker 'Red Ed' in the Alberta oil industry. Shorty after Brian Mulroney
took office, Clark was fired.
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.
Edmund has also received honorary degrees from Mount Allison University
and Queen’s University. In 2010, he was made a Member of the Order of Canada.
Ed serves as a Director of TD Bank, N.A. (a wholly owned subsidiary of TD Bank Group) and its subsidiaries as Vice-Chairman and Director of TD Ameritrade Holding Corporation
. He is also 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.
Ed and his wife Fran make their home in Toronto. They have four children as well as four grandchildren.
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of TD Bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
Financial Group (also known as Toronto-Dominion Bank
Toronto-Dominion Bank
The Toronto-Dominion Bank , is the second-largest bank in Canada by market capitalization and based on assets. It is also the sixth largest bank in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the...
), roles he held since December 20, 2002.
Married with four grown children, Clark and his wife, Frances currently make their home in Toronto. Clark earned $11.1 million in 2009.
Banking career
Clark was appointed President and Chief Executive Officer on December 20, 2002. Prior to this appointment, he was President and Chief Operating OfficerChief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
since July 6, 2000.
Clark joined TD Bank Financial Group as Chairman and CEO of TD Canada Trust following TD’s acquisition of Canada Trust
Canada Trust
CT Financial Services Inc. was a trust company that was founded in London, Ontario and later had its headquarters in Toronto, Ontario and operated in Canada through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company...
Financial Services on February 1, 2000. In this role he oversaw the successful integration of the TD and Canada Trust retail and electronic banking operations.
Clark was President and CEO of Canada Trust Financial Services Inc. previously since January 1994. Mr. Clark’s initial position at Canada Trust was Vice Chairman and Chief Operating Officer.
In 1985, he joined Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
, 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.
Before banking
From 1974 to 1984, he held a number of senior positions in the federal governmentFederal government
The federal government is the common government of a federation. The structure of federal governments varies from institution to institution. Based on a broad definition of a basic federal political system, there are two or more levels of government that exist within an established territory and...
including Senior Assistant Deputy Minister, Energy, Mines and Resources Canada. During his time in government Clark helped develop the National Energy Program
National Energy Program
The National Energy Program was an energy policy of the Government of Canada. It was created under the Liberal government of Prime Minister Pierre Trudeau by Minister of Energy Marc Lalonde in 1980, and administered by the Department of Energy, Mines and Resources.-Description:The NEP was...
, a policy that was very unpopular in Western Canada and earned Clark the moniker 'Red Ed' in the Alberta oil industry. Shorty after Brian Mulroney
Brian Mulroney
Martin Brian Mulroney, was the 18th Prime Minister of Canada from September 17, 1984, to June 25, 1993 and was leader of the Progressive Conservative Party of Canada from 1983 to 1993. His tenure as Prime Minister was marked by the introduction of major economic reforms, such as the Canada-U.S...
took office, Clark was fired.
Education
Clark graduated from University College at the University of TorontoUniversity of Toronto
The University of Toronto is a public research university in Toronto, Ontario, Canada, situated on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada...
in 1969 with a Bachelor of Arts
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
degree. He earned his Master’s degree and Doctorate in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
in 1971 and 1974 respectively.
Edmund has also received honorary degrees from Mount Allison University
Mount Allison University
Mount Allison University is a primarily undergraduate Canadian liberal arts and science university situated in Sackville, New Brunswick. It is located about a half hour from the regional city of Moncton and 20 minutes from the Greater Moncton International Airport...
and Queen’s University. In 2010, he was made a Member of the Order of Canada.
Community involvement
Listed as member of the Bilderberg Steering Committee,.Ed serves as a Director of TD Bank, N.A. (a wholly owned subsidiary of TD Bank Group) and its subsidiaries as Vice-Chairman and Director of TD Ameritrade Holding Corporation
TD Ameritrade
TD Ameritrade is an American online broker with over 6 million U.S. customers, and many more internationally, that has grown rapidly through acquisition to become the 746th-largest US firm in 2008. TD Ameritrade Holding Corporation is the owner of TD Ameritrade Inc...
. He is also 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
Habitat for Humanity Toronto
Habitat for Humanity Toronto, established in 1988, is a non-profit, non-denominational Christian housing organization that builds simple, decent, affordable homes in partnership with low-income families. Habitat Toronto is an affiliate of Habitat for Humanity Canada.-History:Habitat for Humanity...
, and provides support to Woodgreen Community Services, an organization that delivers programs to build sustainable communities in the Toronto area.
Ed and his wife Fran make their home in Toronto. They have four children as well as four grandchildren.