Incoming BMO CEO Faces Challenges in 2007

Canadian Press, David Friend, 3 December 2006As analysts forecast a tough fiscal year ahead for the banking sector, William Downe is preparing to become chief executive of Bank of Montreal next March, replacing Tony Comper.After nearly 24 years working at Canada's oldest-largest bank, Downe's challenge is to regain retail banking clients that have been lost to other major players.In an internal