Feb 9 ,
BMO Financial Group executive named to "Most Influential"
TORONTO--Terry Wellesley, executive managing director of
BMO Spend & Payment Solutions, a division of BMO Financial
Group (NYSE, TSX: BMO), has been named to Business Travel
News elite list of the "25 Most Influential Executives
in the Business Travel Industry in 2009".
The BTN award cites Wellesley's vision and achievements in
building a formidable competitive position in the corporate
card industry - culminating in BMO's acquisition of the Diners
Club North America franchise in late 2009. Through the acquisition
and complemented by strong existing payment solutions, BMO
is now one of the largest and fastest-growing commercial card
issuers in North America.
Wellesley joins top executives from airlines, hotels, travel
management companies (TMCs), government agencies and financial
institutions, who collectively set the tone for business travel
excellence worldwide in 2009.
"This year's list of the 25 most influential executives
reflects the decisions that shaped the business travel industry
in 2009 and which serve as the prologue for the decisions
of today and tomorrow," said David Meyer, editor-in-chief
of Business Travel News. "Terry Wellesley's actions last
year helped shift the landscape in the corporate card segment
and provided buyers with more of a substantial alternative
to the handful of other options available for managing T&E
As organizations ease travel restrictions, tight controls
on T&E expenses remain a top-priority - driving the surge
in demand for corporate card programs that provide spend visibility
and encourage employee compliance with corporate travel policies.
Over the last few years, Wellesley and his team have assembled
a best-in-class portfolio of T&E programs, advisory services
and industry partnerships. Drawing from this comprehensive
portfolio of corporate card programs and services, BMO Spend
& Payment Solutions' team helps organizations realize
the full value of their card programs, contributing to millions
of dollars in cost savings and revenue generation for clients.
"In the past year especially, corporate card programs
and payment solutions have become one of the most strategic
tools organizations have to control T&E costs and encourage
compliance with spend policies in this tough economic environment,"
said Wellesley. "It is a great honor to be recognized
with such an elite group of leaders, and one that I share
with everyone at BMO Spend & Payment Solutions. It's an
acknowledgement of the stature of our company in this industry,
and of our ability to compete successfully against any travel
& entertainment card issuer in the world."
BTN is considered a top authority on the business travel