William David (Bill) Mulholland Jr.

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OBITUARY WILLIAM (BILL) DAVID Jr. MULHOLLAND Died peacefully at home with his family on September 8, 2007, at the age of 81. He is remembered with love by his wife of 50 years, Nancy (nee Booth); children Wililam David, Charles Douglass, James Andrew, John Alexander, Elizabeth Helen, Madeline Louise, Sarah Alexandra, Caroline Marie, and Bruce Henry; and grandchildren Matthew, Eric, Fiona, Samuel, Patrick, Veronique, Isabelle, Madison, Finny, William and Andrew. Born in Albany, N.Y., 1926, to the late William David and Helen Elizabeth (Flack) Mulholland, Bill graduated from the Christian Brothers Academy in 1944 and immediately enlisted in the U.S. Army, where he was commissionned in the infantry and served in the Philippines until honourably discharged in 1946. He then completed his education at Harvard College (B.A. cum laude 1951) and Harvard Business School (M.B.A. 1952). Joining Morgan Stanley & Co. in 1952, he became a general partner in 1962 and spearheaded the then largest-ever sale of corporate securities to finance construction of the Churchill Falls hydro-electric project in Labrador. In 1970, he accepted the position of Brinco President & CEO, driving construction of the $1 billion hydro-electric plant to its successful completion ahead of schedule and under budget in 1974. In 1975, he moved to the Bank of Montreal where he served as President (1975-81), Chief Executive Officer (1979-89) and Chairman of the Board (1981-90). During his tenure, he led Canada's oldest bank into the modern era of financial services, orchestrated its expansion into the United States with the purchase of Harris Bank, and significantly improved the bank's performance, readying it for the intense competition of the emerging global marketplace. Bill was a champion of excellence and believed strongly in the importance of ethics, setting a clear standard in all of his business undertakings and consistently delivering this message publicly, especially to business students. He contributed actively to many organizations, including St. Mary's Hospital, Montreal Symphony Orchestra, Memorial University, Queen's University, Atlantic Brucke, the RCMP Foundation, the Canada Olympic Trust, St. Michael's College Foundation, L'Ecole des Hautes Etudes Commerciales, the Hudson Institute, and the Canadian Council of Christians and Jews. He served as a Director of numerous companies including Upjohn, Standard Life Assurance, Canadian Pacific Railway, and Kimberley-Clark. In recognition of his public service, he was awarded honorary doctorates by Memorial University (1972) and Queen's University (1988), as well as Israel's Prime Minister's Medal (1987) and the Knight Commander's Cross (Badge and Star) Order of Merit from the Federal Republic of Germany (1989). On his retirement, Bill was able to realize a lifelong passion, working with his wife Nancy, son James and daughter-in-law Elke to build one of the premier Hanoverian stud farms in the world, Windswept Farm. Friends are invited to join the family for visitation from 2 to 4 p.m. and 7 to 9 p.m., Tuesday, September 11, at the J.S. Jones & Son Funeral Home, 11582 Trafalgar Rd. Georgetown, ON. A funeral mass will be held at Holy Cross Church (224 Maple Ave.) in Georgetown, Ontario at 10 a.m. on Wednesday, September 12, followed by a reception at his residence in Windswept Farm 8th line in Georgetown, Ontario, Canada. In lieu of memorials, donations to the Parkinson's Society of Canada - Ontario Region (416-227-9700) are welcomed with gratitude. Bill wil be interred in the United States with full military honours in recognition of his service to his country.
Published in Montreal Gazette on Sept. 10, 2007
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