Difference between revisions of "Tony Comper"

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|alma_mater= De La Salle College (Toronto), St. Michael's College (Toronto)
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|description=Single Bilderberg, Bank of Montreal head
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|birth_date=24 April 1945
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'''F. Anthony Comper''', known as '''Tony Comper''', is a Canadian [[banker]]. He was president and [[chief executive officer]] of [[Bank of Montreal]], which currently operates under the brand '''BMO Financial Group''', and retired from that position on March 1, 2007.
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==Early life==
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Comper attended [[De La Salle College (Toronto)|De La Salle College]] and received a [[Bachelor of Arts|BA]] in English from [[University of St. Michael's College|St. Michael's College, Toronto]], in 1966.
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==Banking==
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Comper joined the Bank of Montreal as a management trainee after college. In 1990, he became president and chief operating officer.
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He was promoted to chairman and chief executive officer in 1999 after the departure of [[Matthew Barrett (banker)|Matthew Barrett]]. As part of a corporate governance trend in 2004, he gave up the title of chairman of the board in favor of a non-management director. He has spent four decades at BMO.
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Comper has been criticized in the past for his high salary and bonus which, according to some observers, is out of proportion to his value as a president of a fairly standard banking operation. He made $11 million in 2003. His policy of "service shrinkage", or decreasing the number of services offered for the same banking fee, has attracted criticism from customers. In 2006, on his watch, BMO was forced to refund overcharges on mortgage payments of approximately $250 per customer.<ref>https://web.archive.org/web/20060625092914/http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20060609/bmo_refunds_060609/20060609?hub=Canada</ref>
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Comper stepped down on March 1, 2007, at BMO's annual meeting, but stayed on as an adviser until April 24, his 62nd birthday. This announcement came at the same time as BMO posted disappointing fourth quarter results, though they were record profits for the bank due to lower taxes and bad loans. He was succeeded by [[Bill Downe]], who had been the frontrunner for the CEO position for the last few years, and formerly chief operating officer of BMO.<ref>https://web.archive.org/web/20100117055630/http://www.cbc.ca/money/story/2006/11/28/comper.html</ref>
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==Other==
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Together with his wife Elizabeth, Comper founded [[FAST – Fighting Antisemitism Together]], a Canadian group which describes itself as "a coalition of non-Jewish Canadian community and business leaders dedicated to speaking out against humanity's oldest hatred."<ref>https://www.theglobeandmail.com/report-on-business/ceos-new-target-anti-semitism/article18227296/</ref>
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In 2010, Comper was made a Member of the [[Order of Canada]], along with his wife Elizabeth (1945–2014),<ref>http://www.gg.ca/document.aspx?id=13995&lan=eng</ref>
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He received the Human Relations Award from the Canadian Council of Christians and Jews and the Award of Merit from [[B'nai B'rith]] Canada He holds honorary degrees from the [[University of Toronto]] (LL.D.), [[Mount Saint Vincent University]] (D.Hum.L.), the [[University of New Brunswick]] (D.Litt.); and [[University of Haifa]]. Tony, and his late wife, Elizabeth, also received the Scopus Award from the [[Hebrew University of Jerusalem]]. In November 2009, Concordia University conferred the degree of Doctor of Philosophy (honoris causa) on Tony and Elizabeth.<ref>https://www.haifa-univ.ca/comper </ref>
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Comper was chairman of the [[University of Toronto]]'s fundraising program ''Campaign for the University of Toronto'' (1995–2004), as [[chairperson]] of the University of Toronto's Governing Council (circa 1995–1998) and as vice-chair of [[St. Michael's Hospital (Toronto)|St. Michael's Hospital]] in [[Toronto]].
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==References==
 
==References==
 
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Latest revision as of 09:54, 10 September 2023

Person.png Tony Comper   SourcewatchRdf-entity.pngRdf-icon.png
(financier, millionaire)
Tony Comper.png
Born24 April 1945
NationalityCanadian
Alma materDe La Salle College (Toronto), St. Michael's College (Toronto)
ReligionJewish
Single Bilderberg, Bank of Montreal head

Employment.png Bank of Montreal/CEO

In office
1999 - 1 March 2007

Employment.png Bank of Montreal/President

In office
1990 - 1 March 1999

F. Anthony Comper, known as Tony Comper, is a Canadian banker. He was president and chief executive officer of Bank of Montreal, which currently operates under the brand BMO Financial Group, and retired from that position on March 1, 2007.

Early life

Comper attended De La Salle College and received a BA in English from St. Michael's College, Toronto, in 1966.

Banking

Comper joined the Bank of Montreal as a management trainee after college. In 1990, he became president and chief operating officer.

He was promoted to chairman and chief executive officer in 1999 after the departure of Matthew Barrett. As part of a corporate governance trend in 2004, he gave up the title of chairman of the board in favor of a non-management director. He has spent four decades at BMO.

Comper has been criticized in the past for his high salary and bonus which, according to some observers, is out of proportion to his value as a president of a fairly standard banking operation. He made $11 million in 2003. His policy of "service shrinkage", or decreasing the number of services offered for the same banking fee, has attracted criticism from customers. In 2006, on his watch, BMO was forced to refund overcharges on mortgage payments of approximately $250 per customer.[1]

Comper stepped down on March 1, 2007, at BMO's annual meeting, but stayed on as an adviser until April 24, his 62nd birthday. This announcement came at the same time as BMO posted disappointing fourth quarter results, though they were record profits for the bank due to lower taxes and bad loans. He was succeeded by Bill Downe, who had been the frontrunner for the CEO position for the last few years, and formerly chief operating officer of BMO.[2]

Other

Together with his wife Elizabeth, Comper founded FAST – Fighting Antisemitism Together, a Canadian group which describes itself as "a coalition of non-Jewish Canadian community and business leaders dedicated to speaking out against humanity's oldest hatred."[3]

In 2010, Comper was made a Member of the Order of Canada, along with his wife Elizabeth (1945–2014),[4]

He received the Human Relations Award from the Canadian Council of Christians and Jews and the Award of Merit from B'nai B'rith Canada He holds honorary degrees from the University of Toronto (LL.D.), Mount Saint Vincent University (D.Hum.L.), the University of New Brunswick (D.Litt.); and University of Haifa. Tony, and his late wife, Elizabeth, also received the Scopus Award from the Hebrew University of Jerusalem. In November 2009, Concordia University conferred the degree of Doctor of Philosophy (honoris causa) on Tony and Elizabeth.[5]

Comper was chairman of the University of Toronto's fundraising program Campaign for the University of Toronto (1995–2004), as chairperson of the University of Toronto's Governing Council (circa 1995–1998) and as vice-chair of St. Michael's Hospital in Toronto.


 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/20068 June 200611 June 2006Canada
Ottawa		54th Bilderberg, held in Canada. 133 guests
WEF/Annual Meeting/200421 January 200425 January 2004World Economic Forum
Switzerland		2068 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References

  1. ↑ https://web.archive.org/web/20060625092914/http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20060609/bmo_refunds_060609/20060609?hub=Canada
  2. ↑ https://web.archive.org/web/20100117055630/http://www.cbc.ca/money/story/2006/11/28/comper.html
  3. ↑ https://www.theglobeandmail.com/report-on-business/ceos-new-target-anti-semitism/article18227296/
  4. ↑ http://www.gg.ca/document.aspx?id=13995&lan=eng
  5. ↑ https://www.haifa-univ.ca/comper
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