Meanwhile, Canada Life CEO Paul Mahon's total 2021 compensation was $9.1 million, up from $7.9 million in 2020 and $7.6 million in 2019, Great-West Lifeco Inc. reported March 21. Total Pay . We have organized it into three sections to make it easy to find what . Rating as of Apr 26, 2022. TD Bank Group CEO Bharat Masrani received $13.4 million in direct compensation, $1.6 million more than his target and up from $10.4 million in 2020. September 22, 2019, 9:30 p.m. EDT 2 Min Read. Investors yawned at Bank of Montreal's CEO succession announcement Friday - and that's a good thing. 3.5 out of 5 stars for Compensation/Benefits. Prospect in IB - Gen. In fact, adjusted earnings per share, for compensation purposes, was up 32.5 per cent (actual adjusted EPS was up . . We are the eighth largest bank in North America by assets, Hanny Pei-Rodriguez joined BMO Harris Bank, Estate Settlement Services in 2020, coming from another large financial institut…. Canada - Toronto, ON, Canada Area; United States . STAY THE HELL AWAY FROM BMO. This advertisement has not loaded yet, but your article continues below. The number has increased this year as it includes additional equivalent executive positions in the subsidiaries. Mr. White first joined the Bank's investment and corporate banking team in 1994. Reviews from BMO Financial Group employees about Job Security . In 2020, almost 40% of our engagement was done in collaboration Annual Meeting March 31, 2020 | Bank of Montreal Notice of Annual Meeting of Shareholders and Management Proxy Circular Your Vote Matters Choose to vote in one of three ways: ‰Vote online by visiting www.investorvote.com (registered shareholders, including BMO employ- ees) or www.proxyvote.com (non-registered shareholders) Ranked 13th overall and first among major Canadian banks, BMO received top-quartile scores in Clean Investment, board gender diversity and executive diversity. Performance measures used to fund White will succeed Bill Downe as BMO's . Good employer good culture . It also provides a wide array of educational and research tools to help you learn how to use the platform and make informed choices about your investments. BMO reported net income of $5.4 billion in 2018, up 2% from the previous year, and customer experience scores improved across the board, the document said. Join us on December 10th for an event filled with the great insights you've come to expect. A restructuring charge "is always a possibility," said CIBC CEO Victor Dodig. For its 2020 fiscal year, JPMORGAN CHASE & CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. For the fiscal year, which began in November, 2019, BMO set Mr. White's "target pay" at $10.5-million, up from $10-million the year before. CEO Pay Ratio. impacts of COVID-19 should be reflected in approaches to executive compensation for FY20 and beyond. Job Security/Advancement. Learn More Executive Committee Senior Executives Darryl White Other. 3 "Bombardier under fire over ex-CEO's pay; $17.5M package", National Post, June 6, 2020. For the past 10 years, BMO Financial and its Chicago subsidiary BMO Harris Bank have run a program that introduced directors to the top executives at the bank. What is the salary of George Cope? Darryl White is Chief Executive Officer of BMO Financial Group and was appointed in 2017. bank results, compensation for executives, financial returns to shareholders, and our commitment to pursuing growth responsibly and sustainably. Meet our board of directors Chair of the Board George Cope Get to know George Cope, Chair of the Board at BMO since 2020. 2020 No C0.3 (C0.3) Select the countries/areas for which you will be supplying data. As the Chairman of the Board of Bank of Montreal, the total compensation of George Cope at Bank of Montreal is $230,000. Is executive compensation tied to environmental performance? Bank of Montreal (NYSE:NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Director Thomas Flynn - CFO. He is a director of BMO Financial Corp., the bank's U.S. holding company. 48 . Time: 12:30-4:00 p.m. Central. ET. Jan 2021 - Present10 months. The new CEO of capital markets made it clear that hes focused on cutting costs . $10,855,000. Your vote is important This newsletter provides a summary of recent jurisprudential developments that affect pensions, benefits and executive compensation and is not intended to be legal advice. on June 10, 2020, 10:09 pm MDT. Good morning, and welcome to the BMO Financial Group's Q1 2020 Earnings Release and Conference Call for February 25, 2020. 3.4. Presented exclusively by Plante Moran, BMO Harris and Nixon Peabody . change in 2020 Source: BMO GAM, as at 9 December 2020 although we agreed with the spirit of those requests, we . BMO Financial Group. CEO Pay. On comparing similar companies in the industry with market capitalizations above CA$11b . It also received a top-quartile Clean Revenue score driven by its support for women-owned businesses, community development, on-reserve housing loans, renewable energy loans and . Compensation/Benefits. . . Meanwhile, Canada Life CEO Paul Mahon's total 2021 compensation was $9.1 million, up from $7.9 million in 2020 and $7.6 million in 2019, Great-West Lifeco Inc. reported March 21. Gori outearned the highest-paid bank CEO, Royal Bank of Canada's David McKay, who received $15.5 million in direct compensation in 2021. This 21% increase from his 2018 pay of $16,818,560 came despite significant levels of opposition to a pay increase from shareholders the prior year. BMO Financial Group Reports Fourth Quarter and Fiscal 2020 Results Financial Results Highlights Fourth Quarter 2020 Compared With Fourth Quarter 2019: Net income4 of $1,584 million, up 33%; adjusted net income1 of $1,610 million, up $3 million from the prior year $5,000. change in 2020 Source: BMO GAM, as at 9 December 2020 although we agreed with the spirit of those requests, we . Pio nono: Although likely not of interest on an investment banking forum, the BMO USA commercial banking operation (the old Harris Bank), besides being a regional c&i lender in their local territory, punches way above their weight nationally on sponsor deals and large contractors. Australia Barbados Brazil Canada China France . Executives at the business group level are measured on the profitability of their areas of accountability. "If there is an opportunity to take a charge that makes sense, that we can clearly communicate to our investors, we may consider that.". The ranking is based on a survey of 80,000 Americans working . Executive Compensation 39 40 . Julie Ann Garber is a Vice President and Senior Wealth Planning Consultant with BMO Private Bank. Welcome to the 26 th issue of the Blakes Pensions, Benefits & Executive Compensation Newsletter. CEO Name. . 2020 Food & Beverage Forum: Now Virtual. For additional information or to discuss how any aspect of these developments . Wallmine is a radically better financial terminal. Executive Assistant (Former Employee) - First Canadian place - July 29, 2020. The table below shows the total share ownership of our non-employee directors. Inflation Fixation - Monthly Roundtable. BMO executives forecast that expense growth excluding variable compensation would increase about 2.5% in coming quarters, driven in part by a 3% salary hike for some employees that was communicated last week. Introduction C0.1 (C0.1) Give a general description and introduction to your organization. Feb 3, 2020 - 8:53pm. 45 . 2020 - Chicago, IL Area. All non-employee directors in calendar 2020 chose to receive all of their compensation in DSUs. BMO reports that management compensation for oil sands companies is well below the global average. When factoring in bonuses and additional compensation, a Executive Assistant at BMO Financial Group can expect to make an average total pay of $77,999 per year. Ms . Advisory Vote to Ratify Named Executive Officers' Compensation Approve Share PlanGrant Elect Director AbstainA gainstF or with condition(s) of our support in the future AbstainA gainstF or 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% . Average salary for BMO Financial Group Executive Assistant in Chicago: $74,993. Questionnaire 2020 C0. To transact such other business as may properly . . On Tuesday, Yahoo Finance reported that BMO Capital Markets upgraded Canopy Growth (NYSE:CGC) (TSE:WEED) from "speculative market perform . Morningstar Rating. Your host for today is Ms. Jill Homenuk, Head of Investor Relations. This newsletter provides a summary of recent jurisprudential developments that affect pensions, benefits and executive compensation and is not intended to be legal advice. Compensation is not there on bonus, hours are crazy, and culture is a mixed bag. That's why we're accelerating initiatives to eliminate barriers to inclusion in our workforce and create meaningful and lasting change. Performance measures used to fund BMO's Approach to Executive Compensation . Bank of Montreal (NYSE:NYSE:BMO) Q1 2020 Earnings Conference Call February 25, 2020 8:15 AM ET Company Participants Jill Homenuk - Head of Investor Relations Darryl White - Chief Executive. 22,576. 40 Executive Compensation 40 ITEM 3: Advisory Resolution to Approve Executive Compensation (Say-on-Pay) 40 Compensation Discussion and Analysis 41 Executive Summary 43 Say-On-Pay 45 Compensation Programs 49 2020 Annual Target Direct Compensation 49 Settlement of LTIA granted in January 2017 51 Discouraging Imprudent Risk Taking 52 Stock . IB. BMO's other executive officers made the following in 2020: Thomas Flynn, chief financial officer, received total compensation of $3.5 million, down from $3.6 million in 2019 Dan Barclay, CEO and group head, BMO Capital Markets, saw his total compensation increase last year to $7.1 million, up from $6.5 million in 2019 BMO's other executive officers made the following in 2020: Thomas Flynn, chief financial officer, received total compensation of $3.5 million, down from $3.6 million in 2019 Dan Barclay, CEO and group head, BMO Capital Markets, saw his total compensation increase last year to $7.1 million, up from $6.5 million in 2019 Please take some time to read the executive summary and the more detailed discussions about governance at CP and our executive compensation program, including 2019 performance and decisions about executive pay for the year. 4 "Some Big Names Out in New BMO ESG ETFs; Eight Funds", National Post, January 21, 2020. For 2021, BMO set a target that earnings per share would shrink by 3.9 per cent. business on February 11, 2020 (the record date), and are entitled to vote at our annual meeting. Jan. 29 2020, Published 9:55 a.m. Message from the Chair of the Human Resources Committee . As Associate General Counsel and Director of pensions, employment law and executive compensation, I advise on: pension plan investments, administration and pension plan and fund governance and fiduciary duties; employment law matters involving policy development . and anticipated capital costs in connect ionwith, approvals, consents and permits under applicable legislation; our executive compensation policy, approach and practice; our relationship with community stakeholders; litigation matters; environmental matters; our effective tax rate and the . Hanny Pei-Rodriguez. with total assets of $880 billion as of january 31, 2020, and a team of diverse and highly engaged employees, bmo provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and commercial … March 2, 2020 Noticeof2020AnnualMeetingofShareholders andManagementInformationCircular Annual Meeting of Shareholders Tuesday, May 5, 2020 Flanagan Terminal our 2020 annual meeting of shareholders and the items you will be voting on at the virtual meeting. To Boldly Grow the Good in business and in life - is our Purpose at BMO . Value is based on $96.84, the closing price of BMO shares on the TSX on February 11, 2021. KeyCorp Chief Executive Chris Gorman received a 64% boost in total direct compensation in 2021, Washington Federal CEO Brent Beardall got a 60% raise, and Comerica CEO Curtis Farmer was awarded a 48% pay bump. 22,576. To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm; and 4. BMO's executive compensation design links to both bank and operating group performance. $77,999. Annual meeting 4/29/2020 The total disclosed compensation of Global Payments' CEO Jeffrey S. Sloan increased to $20,502,096 in 2019. Is there a link between executive compensation and accounti. BMO's executive compensation design links to both bank and operating group performance. We think total compensation is more important but our data shows that the CEO salary is lower, at CA$1.0m. It awarded Mr. White $9.265-million in "total direct. There are 14 executives at Bank of Montreal getting paid more, with Darryl White having the highest compensation of $10,849,800. The following is the Human Resources and Management Compensation Committee's report on executive compensation, which covers approximately 290 Bank of Montreal executives. ESG contributions are also considered. Most of the banks said they expect adjusted expense growth to fall to 2-3 per cent in 2020, from about 5 per cent in 2019. Total Compensation. Both banks saw their adjusted expenses creep up from a year ago, with Scotiabank's up 3%, and BMO's rising 2%. Executive Assistant (Former Employee) - First Canadian place - July 29, 2020. 60 . compensation of the named executives; 3. Under the terms of the agreement, BMO will acquire Bank of the West for a cash purchase price of US$16.3 billion, or US$13.4 billion net of estimated US$2.9 billion of excess capital (at closing) at Bank of the West. We all received an email from the CEO of the division explaining the layoffs. BMO Celebrating Women On Boards virtual event, March 9th from 4:00pm - 5:30pm ET. Bank of Montreal Chief Executive Officer Darryl White says he still favors the U.S. for expansion over China, even with some of the world's biggest lenders clamoring to expand in Asia's . Bank of Montreal, Canada's fourth-largest lender, awarded Chief Executive Officer William Downe $9.22 million in 2012 compensation, a 6.8% drop from a year earlier, after the bank missed some financial targets. Gori outearned the highest-paid bank CEO, Royal Bank of Canada's David McKay, who received $15.5 million in direct compensation in 2021. Margaret Kerins along with Ian Lyngen, Ben Reitzes, Greg Anderson, Stephen Gallo, Dan Belton and Ben Jeffery from BMO Capital Market's FICC Macro Strategy team bring you their thoughts on the current market tug of war between growth versus inflation risks as the Fed, and many other central banks, are . 61 2020 CEO Pay Ratio 62 Equity Compensation Plan Information 63 Proposal 2 — Advisory Approval of the Compensation of the Named Executives BMO and Women Get On Board will be recognizing five (5) women across Canada who excel in and out of the boardroom. Subscribe. Photograph courtesy ConocoPhillips . Darryl White was appointed Chief Executive Officer of BMO in 2017. The rest of McKay's compensation came from performance deferred share units and stock options totalling almost $10 million. BMO. . Bank of Montreal CDP Climate Change Questionnaire 2021 2 . Advisory Vote to Ratify Named Executive Officers' Compensation Approve Share PlanGrant Elect Director AbstainA gainstF or with condition(s) of our support in the future AbstainA gainstF or 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% The Canadian Imperial Bank of Commerce's chief executive Victor Dodig received roughly $10 million in total compensation in the 2018 financial year, up 6.5 per cent from a year earlier. Management is soliciting your proxy for the shareholder meeting on April 7, 2020. Ranked 13th overall and first among major Canadian banks, BMO received top-quartile scores in Clean Investment, board gender diversity and executive diversity. This document tells you about the meeting, governance and executive compensation at Scotiabank. Julie Ann provides customi…. 6 "Now is the right time to . 2020 No C0.3 (C0.3) Select the countries/areas for which you will be supplying data. Power's 2020 Canadian Retail Banking survey. Pio nono: Although likely not of interest on an investment banking forum, the BMO USA commercial banking operation (the old Harris Bank), besides being a regional c&i lender in their local territory, punches way above their weight nationally on sponsor deals and large contractors. RBC reported a $16.1-billion profit last year, up 40% from 2020. 5 "Blackrock Toughens Climate Change Stance; Fundamental Reshaping of the Future", National Post, January 15, 2020. BMO Global Asset Management: A larger percentage of the . Established in 1817, BMO Financial Group (BMO) is a highly diversified financial services provider based in North America. Pensions, Benefits & Executive Compensation Newsletter - August 2020. MILWAUKEE, Aug. 31, 2020 /PRNewswire/ - BMO Harris Bank has been recognized on Forbes Magazine's list of Best Employers in Wisconsin. with total assets of $1.02 trillion as of january 31, 2022, and a team of diverse and highly engaged employees, bmo provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and … It reflects the distinctive strengths, unique approach to business Bank of Montreal CDP Climate Change Questionnaire 2021 2 . This year's Food & Beverage Forum has gone virtual. While most bank CEOs got pay hikes last year, the raises were bigger for some than others. for customer satisfaction with retail banking advice in J.D. Australia Barbados Brazil Canada China France . Total compensation for "other material risk takers"—senior staff that have the power to expose the bank to large financial risk—was $242.8 million. Additionally, oil sands companies have . BMO 2020 Global Metals Investment Conference . "ESG is a topic that will only increase in importance to this industry, and though the letter 'G' comes last, it's far from an afterthought," Dan Barclay, CEO of BMO Capital . Welcome to the 28 th issue of the Blakes Pensions, Benefits & Executive Compensation Newsletter. Hi all, . . March 10, 2020 01:21 PM This bank's CEO wasn't paid like one—until now Toronto-based BMO Financial Group doesn't usually pay the CEO of its Chicago subsidiary enough to crack its list of top five.