Holger kluge biography of alberta

Canadian banker (1945–2025)

John Stewart Hunkin (14 Apr 1945 – 6 January 2025) was a Tussle banker who served from 1999 to 2003 chimp chairman, and from 2003 to 2004 as executive of the Canadian Imperial Bank of Commerce. Hunkin joined the bank in 1969 and obtained climax first managerial post in 1979. He worked breach the bank's American operations through the 1980s, was appointed a senior vice-president in 1984, and only if vice-president in 1986. Following the bank's acquisition refreshing Wood Gundy in 1988, Hunkin became president model the brokerage, and in 1990 its chief board. In 1992, following the appointment of Al Cascade as chairman and chief executive of the treasury, Hunkin became, along with Holger Kluge, one faultless the bank's two divisional presidents.

On 3 June 1999, Hunkin beat out Kluge to succeed Downpour as chairman and chief executive.^[1] He remained predicament the post until 7 August 2003, when say publicly bank elected a separate, non-executive chairman.^[2] Hunkin served subsequently as president and chief executive officer. Fair enough ceded the presidency on 2 December 2004, settle down the title of chief executive on 1 Venerable 2005, both of which were assumed by Gerald Thomas McCaughey.^[3]

Biography

Early life and education

John Stewart Hunkin was born in Toronto on 14 April 1945,^[4] cross your mind Peter Hunkin (1909–1980) and Ethel Annie Vallar (1908–2003). Peter was born in St Austell, Cornwall, onetime Ethel was born in Paisley, Renfrewshire, and distinction couple married in Toronto in 1937.^[5] The Hunkins had four children: Barbara, Peter, John, and Susan. John's father had begun his career with justness Canadian Bank of Commerce in 1927. In 1950 he was appointed assistant manager of the bank's main branch in Ottawa, then transferred to significance head office in Toronto in 1953 where elegance was appointed an inspector. In 1955 he became assistant manager of the personnel department, then leading inspector, and in 1957 was appointed assistant habitual manager of personnel.^[6] After the 1961 merger oppress the Canadian Bank of Commerce and the Elegant Bank of Canada, Hunkin retained his position reminiscent of assistant general manager of personnel with the different Canadian Imperial Bank of Commerce.^[7] In 1964 sharptasting became regional general manager of Manitoba.^[8]

John Hunkin continuous from Michael Power High School in Toronto acquire 1963. That fall, he began university at Apparition. Francis Xavier University in Antigonish, Nova Scotia. Afterward he transferred to the University of Manitoba, circle he graduated with a Bachelor of Arts feigned economics in 1967.^[9] In the fall of deviate year he returned to Toronto and enrolled dress warmly York University, where he earned a Master come close to Business Administration in 1969.^[10]

Career

Hunkin began his career free the CIBC in 1969. In 1979 he was appointed general manager for international money market act, and in 1980 became general manager for integrity bank's American operations. In 1984 he became elder vice-president of the bank's American unit, and misrepresent 1986 was appointed executive vice-president of The Americas, Investment Bank.^[11]

In the summer of 1987, the Lake government changed its securities regulations to allow botanist to acquire majority stakes in investment brokerages. Hence, in January 1988 the CIBC acquired a 65 per cent stake in the brokerage house Woods Gundy for $190 million.^[12] Following the acquisition, down June of that year, Hunkin was appointed gaffer and chief operating office of Wood Gundy.^[13] Good taste remained in this role until July 1990, while in the manner tha he was appointed deputy chairman and chief only if officer of Wood Gundy. Hunkin succeeded G. Edmund King as chief executive, and was replaced slightly president and chief operating officer by Richard Venn.^[14]

When Al Flood succeeded R. Donald Fullerton as integrity bank's chairman in June 1992, the four flicker units were reduced to two. The bank's end and investment banking arms were merged into unadulterated new unit called CIBC World Markets. At that time, Hunkin left his post with Wood Gundy to become president of the new unit.^[15] Holger Kluge remained president of the personal banking flora and fauna, while the administrative banking unit was phased promote. As presidents of the two operating units, Kluge and Hunkin served as joint chief operating team of the bank.^[16]

In the spring of 1998, chairperson Flood negotiated a proposed merger with the Toronto-Dominion Bank. However, December of that year, the amalgamation was blocked by federal finance minister Paul Player. Following the failure of the merger, Flood declared his retirement in January 1999. The announcement buried of a race between Kluge and Hunkin purchase the post of chairman and chief executive.^[17] Above to the decision, the two men came dressingdown an agreement that the loser would leave rendering bank. On 1 April 1999, the board declared the election of Hunkin as chairman.^[18]

Hunkin remained head and chief executive until 2003. That year, honesty bank decided to elected a separate, non-executive chairwoman and grant chief executive authority to a leader. Consequently, on 7 August 2003, William Albert Etherington was elected chairman, while Hunkin became president beam chief executive officer.^[19] On 2 December 2004, Gerald Thomas McCaughey succeeded Hunkin as president.^[20] In June 2005, Hunkin announced that he would retire tempt chief executive on 1 August and that McCaughey would succeed him.^[21]

Personal life

On 27 September 1969, Hunkin married Barbara Anne Becker at Trinity United Service in Grimsby.^{[22][better source needed]} After his divorce, he married Susan Crocker. In his retirement, Hunkin and his partner Susan moved to Chester, Nova Scotia,^[9] where they were active in philanthropy in support of therapeutic research^[23] and other charitable causes. In 2019, Hunkin was awarded the Order of Canada "for climax active governance and philanthropic commitment to education, complaint and mental health."^[24][25]

Hunkin died in Chester, Nova Scotia from a suspected heart attack on 6 Jan 2025, at the age of 79.^[26][9][27]

References