A. Charles Baillie

Last updated
A. Charles Baillie
A. Charles Baillie.png
Born (1939-12-20) 20 December 1939 (age 84)
Education University of Toronto (BA 1962)
Harvard University (MBA 1964)
Spouse
Marilyn Jane Michener
(m. 1965)

Alexander Charles Baillie Jr. OC (born 20 December 1939) is the former CEO of TD Bank Financial Group; he served in this role until December, 2002. He was the 12th Chancellor and is Chancellor Emeritus of Queen's University.

Biography

Alexander Charles Baillie was born on December 20, 1939, [1] the son of Charles and Jean G. Baillie. [2] He grew up in Orillia, Ontario, and was educated at the University of Toronto Schools. He attended Trinity College at the University of Toronto, where he studied Honours Political Science and Economics. Baillie graduated with a B.A. in 1962, and then moved on to Harvard Business School where he earned his M.B.A. in 1964. [3]

Baillie began working for the Toronto-Dominion Bank in 1964 and became president in 1995. The following year he pushed the bank into discount brokerage with its $715 million acquisition of Waterhouse Investor Services. In 1997, he succeeded Richard M. Thomson as CEO. [4]

During his tenure as CEO, Baillie lead a failed attempt to merge with CIBC, but was later successful in acquiring Canada Trust. [5] In his last year as CEO, the bank posted its first quarterly loss in fifteen years, largely attributed to lending activity in the telecommunications and cable television sectors that Baillie had pushed for in the late 1990's. [6]

Baillie was succeeded by W. Edmund Clark as CEO in 2002 and stepped down from his role as chairman in 2004. [1]

Baillie served as the 12th Chancellor of Queen's University. He was appointed on July 1, 2002 and completed two consecutive three-year terms as Chancellor. He was succeeded by David A. Dodge, the former Governor of the Bank of Canada, on July 1, 2008. On May 2, 2008, Baillie was named Chancellor Emeritus of Queen's University. [7]

In 1965, he married Marilyn J. Michener; the couple had three sons and one daughter, [2] all of whom graduated from Queen's. In 2006, Baillie established the Marilyn Baillie Picture Book Award to honour his wife, a children's book author and book and magazine editor. [8]

Baillie is noted as an avid birdwatcher, outdoorsman, and history buff, who enjoys travelling and collecting antiquarian books. He has been an active member of the community, and holds several important positions. He was President of The Art Gallery of Ontario, Honorary Chair of the Canadian Council of Chief Executives, Honorary Campaign Chair of the Shaw Festival, Campaign Co-Chair for the Nature Conservancy of Canada, and was the Chair of the United Way of Greater Toronto Campaign 2000. In addition to his work with these educational and cultural organizations, Charles currently serves on the Board of Directors of Telus, Dana Holding Corporation, Ballard Power Systems, Canadian National Railway Company and George Weston Limited.

In 2006, he was made an Officer of the Order of Canada. [9]

Related Research Articles

<span class="mw-page-title-main">William Mulock</span> Canadian politician

Sir William Mulock was a Canadian lawyer, businessman, educator, farmer, politician, judge, and philanthropist. He served as vice-chancellor of the University of Toronto from 1881 to 1900, negotiating the federation of denominational colleges and professional schools into a modern university.

<span class="mw-page-title-main">University of Toronto Schools</span> Independent laboratory school in Toronto, Ontario, Canada

University of Toronto Schools (UTS) is an independent secondary day school affiliated with the University of Toronto in Toronto, Ontario, Canada. The school follows a specialized academic curriculum, and admission is determined by a written examination and Multiple Mini-Interviews. Two Nobel Prize laureates attended UTS.

<span class="mw-page-title-main">Canadian Imperial Bank of Commerce</span> Banking institution

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank.

<span class="mw-page-title-main">Toronto-Dominion Bank</span> Canadian bank and financial services corporation

Toronto-Dominion Bank, doing business as TD Bank Group, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce.

<span class="mw-page-title-main">Toronto-Dominion Centre</span> Office complex in Toronto, Ontario, Canada

The Toronto-Dominion Centre, or TD Centre, is an office complex of six skyscrapers in the Financial District of downtown Toronto owned by Cadillac Fairview. It serves as the global headquarters for its anchor tenant, the Toronto-Dominion Bank, and provides office and retail space for many other businesses. The complex consists of six towers and a pavilion covered in bronze-tinted glass and black-painted steel. Approximately 21,000 people work in the complex, making it the largest commercial office complex in Canada.

<span class="mw-page-title-main">David A. Dodge</span> Governor of the Bank of Canada from 2001 to 2008

David Allison Dodge is a Canadian economist. He served as Governor of the Bank of Canada from 2001 to 2008.

Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada: Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Toronto-Dominion Bank (TD).

<span class="mw-page-title-main">Schulich School of Business</span> Canadian business school in Toronto

The Schulich School of Business is the business school of York University located in Toronto, Ontario, Canada. The institution provides undergraduate and graduate degree and diploma programs in business administration, finance, accounting, business analytics, public administration and international business as well as a number of PhD and executive programs. Originally known as the Faculty of Administrative Studies (FAS), it was renamed in 1995 after Seymour Schulich, a major benefactor who has donated $15 million to the school. The Dean of the School, Detlev Zwick, was appointed in 2021 after having served as Interim Dean for 15 months.

<span class="mw-page-title-main">Michael Wilson (Canadian politician)</span> Canadian politician (1937–2019)

Michael Holcombe Wilson was a Canadian businessman, politician and diplomat who served as minister of finance from 1984 to 1991 and minister of international trade from 1991 to 1993 under Prime Minister Brian Mulroney.

William Edmund Clark CM is a Canadian retired banker who served as president of Canada Trust from 1994 to 2000 and as president of the Toronto-Dominion Bank from 2000 to 2014. 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. After his retirement, Clark worked as an adviser for Ontario Premier Kathleen Wynne and helped introduce beer and wines into grocery stores and partially privatize the electricity distribution company Hydro One.

William Arthur Downe is a Canadian banker who was chief executive officer of Bank of Montreal from March 1, 2007, to October 31, 2017.

The Marilyn Baillie Picture Book Award is an annual Canadian literary award, presented to the year's best illustrated picture book for children. Sponsored by A. Charles Baillie and administered by the Canadian Children's Book Centre, the award carries a monetary prize of $20,000. The award is named in honour of Marilyn Baillie, a children's book author and early childhood educator who is married to former TD Bank chairman A. Charles Baillie.

<span class="mw-page-title-main">Dominic Barton</span> Canadian business executive and diplomat

Dominic Barton, known as Bao Damin in China, is a Ugandan-born Canadian business executive, author, and diplomat. He is the current chairman of the private investment firm LeapFrog Investments as well as the chancellor of the University of Waterloo. He served as the Canadian Ambassador to the People's Republic of China from 2019 to 2021. Prior to this, Barton was the Global Managing Director of McKinsey & Company, the global consulting firm, from 2009 to 2018 and has previously served as Chairman of Teck Resources and as Non-Executive Director at the Singtel Group in Singapore and Investor AB in Sweden.

Don Drummond, is a noted Canadian economist, having served extensively in the federal Department of Finance Canada, as Chief Economist at Toronto-Dominion Bank and as a scholar at Queen's University. He is known for his wide contributions to public policy in Canada and extensive citation on economic issues.

Bharat Masrani is an Indian-Canadian financial executive who is currently the Group President and Chief Executive Officer of the Toronto-Dominion Bank. Masrani was appointed to the role in November 2014.

Eileen Ann Mercier is a Canadian businesswoman. In 2016, she was appointed the Chancellor of Wilfrid Laurier University, having formerly served as chair of the board of directors of Payments Canada and Ontario Teachers' Pension Plan. In 2018, she was named one of Canada's 100 most powerful women and was inducted into the Women's Executive Network Hall of Fame.

James William (Jim) Leech is a Canadian business executive. Since 2021, he has been chancellor-emeritus of Queen's University in Kingston, Ontario, Canada. From 2014 to 2021, he was the 14th Chancellor of Queen's University. Prior to that, he spent 12 years at the Ontario Teachers’ Pension Plan (OTPP), first for 6 years as a senior vice-president of OTPP head of Teachers' Private Capital, OTPP's private investment arm, and then as president and chief executive officer of the pension plan until his retirement in 2013.

<span class="mw-page-title-main">Robert Willem Korthals</span> Canadian banker (1933–2023)

Robert Willem "Robin" Korthals was a Canadian banker who served as president of the Toronto-Dominion Bank from 1981 to 1995. Korthals joined Toronto-Dominion in 1967 and rose quickly through the ranks, becoming a vice-president in 1972 and an executive vice-president in 1978. In 1981, Korthals succeeded J. Allan Boyle to become the bank's fifth president. He remained in the post for 14 years and retired at the end of January 1995. Korthals died in Toronto on 28 October 2023 at age 90.

<span class="mw-page-title-main">Al Flood</span> Canadian banker

Alvin Lloyd "Al" Flood is a Canadian retired banker who served from 1992 to 1999 as chairman of the Canadian Imperial Bank of Commerce. Flood joined the bank in 1951 at age 16 in his hometown as a teller. He worked at various branches in Ontario until 1974, when he received his first executive posting. For the next decade he worked in the bank's international operations, before joining the head office in Toronto in 1984 as an executive vice-president. In 1986, the bank split its presidency into four roles, and Flood was made president of the corporate banking division. He remained a president until June 1992, when he succeeded R. Donald Fullerton as chairman and chief executive officer. In the spring of 1998, Flood negotiated a proposed merged with the Toronto-Dominion Bank, which was barred in December that year by finance minister Paul Martin. After the failed merger, he announced his retirement in January 1999, and retired that June.

References

  1. 1 2 Patridge, John (11 October 2002). "TD boss Baillie to pass on reins in Dec". The Globe and Mail. Retrieved 21 June 2024.
  2. 1 2 Publications, Europa (2003). The International Who's Who 2004. Psychology Press. p. 95. ISBN   1857432177.
  3. Webber, Terry (10 October 2002). "TD's Baillie to retire". The Globe and Mail. Retrieved 21 June 2024.
  4. Howlett, Karen (7 July 2000). "TD appoints Clark to No. 2 job". The Globe and Mail. Retrieved 21 June 2024.
  5. "Baillie to step down as TD Bank CEO in December". 10 October 2002. Retrieved 21 June 2024.
  6. Cherney, Elena (11 October 2002). "Toronto-Dominion's CEO To Retire From Bank Post" . Retrieved 21 June 2024.
  7. Kingston Whig-Standard , May 3, 2008.
  8. "Marilyn Baillie Picture Book Award". Canadian Children's Book Centre.
  9. https://wayback.archive-it.org/all/20080203104741/http://www.gg.ca/media/doc.asp?lang=e&DocID=4828 [ bare URL ]