Edmund Clark
 Edmund Clark    (banker) | ||||||||||||||
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| Born | October 10, 1947 Toronto, Ontario | |||||||||||||
| Nationality | Canadian | |||||||||||||
| Alma mater | University of Toronto, Harvard University | |||||||||||||
| Member of | Bilderberg/Steering committee | |||||||||||||
| Interests | • AI • digitalized health records | |||||||||||||
Canadian banker, 8 Bilderbergs
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William Edmund "Ed" Clark is the former president and CEO of TD Bank Group. He was a member of the Bilderberg steering committee. Clark was also a board member of the think tank Brookings Institution.[1]
Education
Clark graduated from the University of Toronto in 1969 with a Bachelor of Arts degree. He received a master's degree and doctorate in economics from Harvard University in 1971 and 1974 respectively.
Career
From 1974 to 1984, Clark held a number of senior positions in the federal government. This included in the National Energy Program.[2] He was fired in 1985 upon change of government.[3]
In 1985, he joined Merrill Lynch, and three years later was appointed chairman and chief executive officer of Morgan Financial Corporation. He joined Canada Trust Financial Services Inc. in 1991, rising to president and chief executive officer in 1994, a position he held until 2000.
Following TD's acquisition of Canada Trust Financial Services in February 2000, Clark joined TD Bank Group as chairman and chief executive officer of TD Canada Trust. In this role, he oversaw the integration of the TD and Canada Trust banking operations. Clark then became president and chief operating officer of TD Bank Group in July 2000, and became president and chief executive officer of TD Bank Group on December 20, 2002 upon the retirement of A. Charles Baillie as chairman and chief executive officer while John W. Thompson was appointed as non-executive chairman.[4] Clark is credited with turning the TD bank into a North American powerhouse in retail banking while avoiding the problems which hurt other banks in the 2008 financial crisis.
On April 3, 2013, Clark announced his intention to retire as president and CEO effective November 1, 2014 at age 67, after 12 years as CEO.[5]
Later career
Under the Wynne government in 2015, Clark worked as an adviser to partially privatize Hydro One, the electrical distribution company.[6]
Clark authored a report on e-health which outlined an approach to changing Ontario's health care system.[7][8]
Until the deal closed on June 30, 2017, Clark was also instrumental in helping US Steel's subsidiary Stelco emerge from bankruptcy under new owners Bedrock Industries.[9][10][11]
Clark was Chairman of the LCBO and helped oversee the Ontario Cannabis Store, the crown corporation set up to sell cannabis legally. He agreed to stay on to support the new government led by Doug Ford during the transition. He resigned effective August 30, 2018.
Clark was a director of Thomson Reuters and an advisor to Woodbridge. He is also Deputy Chair of Spinmaster, a Canadian based toy company which is one of the largest toy companies in the world. He is also a partner in Radical Ventures, a venture capital firm focused on A.I.. In addition Clark is Chair of the Vector Institute an "independent non profit" institution dedicated to Artificial Intelligence. He is also Chair of Friends of Ruby, an organization focused on 2SLGBTQA youth.
Clark was also a board member of the think tank Brookings Institution.[12]
Events Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/2006 | 8 June 2006 | 11 June 2006 | Canada Ottawa | 54th Bilderberg, held in Canada. 133 guests |
| Bilderberg/2008 | 5 June 2008 | 8 June 2008 | US Virginia Chantilly | The 56th Bilderberg, Chantilly, Virginia, 139 guests |
| Bilderberg/2010 | 3 June 2010 | 6 June 2010 | Spain Hotel Dolce Sitges Barcelona | The 122 guests met in the Hotel Dolce Sitges, Barcelona, Spain. |
| Bilderberg/2011 | 9 June 2011 | 12 June 2011 | Switzerland Hotel Suvretta St. Moritz | 59th meeting, in Switzerland, 129 guests |
| Bilderberg/2012 | 31 May 2012 | 3 June 2012 | US Virginia Chantilly | The 58th Bilderberg, in Chantilly, Virginia. Unusually just 4 years after an earlier Bilderberg meeting there. |
| Bilderberg/2013 | 6 June 2013 | 9 June 2013 | Watford UK | The 2013 Bilderberg group meeting. |
| Bilderberg/2014 | 29 May 2014 | 1 June 2014 | Denmark Copenhagen Marriott Hotel | The 62nd Bilderberg, with 136 guests, held in Copenhagen |
| Bilderberg/2015 | 11 June 2015 | 14 June 2015 | Austria Telfs-Buchen | The 63rd meeting, 128 Bilderbergers met in Austria |
References
- ↑ http://www.brookings.edu/about/media-relations/news-releases/2014/0605-new-brookings-trustees
- ↑ https://www.theglobeandmail.com/report-on-business/how-tds-red-ed-clark-became-a-force-in-canada/article10713002/
- ↑ https://www.theglobeandmail.com/globe-investor/tds-power-of-persuasion/article1198169/
- ↑ https://archive.today/20130407211028/http://investing.businessweek.com/research/stocks/people/person.asp?personId=229191&ticker=TD:CN
- ↑ http://td.mediaroom.com/2013-04-03-TD-Bank-Group-President-and-CEO-Ed-Clark-to-Retire-Board-Chooses-Bharat-Masrani-as-Successor-in-2014
- ↑ https://www.thestar.com/news/queenspark/2016/04/05/next-wave-of-hydro-one-shares-for-sale-soon.html
- ↑ https://web.archive.org/web/20170202230916/https://news.ontario.ca/mohltc/en/2016/11/statement-from-minister-of-health-and-long-term-care-on-ed-clarks-review-of-ontarios-digital-health.html
- ↑ https://www.ontario.ca/page/value-and-opportunities-created-ontarios-digital-health-assets
- ↑ https://www.cbc.ca/news/canada/hamilton/stelco-emerges-from-bankruptcy-protection-after-nearly-3-years-1.4186708
- ↑ https://www.newswire.ca/news-releases/bedrock-industries-completes-acquisition-of-stelco-631821653.html
- ↑ https://www.prnewswire.com/news-releases/court-sanctions-stelco-u-s-steel-canada-plan-of-arrangement-and-transaction-with-bedrock-627473513.html
- ↑ http://www.brookings.edu/about/media-relations/news-releases/2014/0605-new-brookings-trustees
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